DAMAGE ASSESSMENT Most of the property damage caused by last week's deadly tornadoes in Oklahoma and Kansas should be covered by standard homeowners' policies. But if you live in a flood- or hurricane-prone area, you can't rely on that kind of relief in the event of a natural disaster. Standard policies, you see, don't typically cover flood damage. Indeed, less than a quarter of the 10 million households near the coasts that are most at risk this summer have additional, government-backed flood insurance, which costs about $300 a year (for information, call 800-427-4661). Don't expect the government to come to the...
To continue reading:
or
Log-In
