Reported 29 days ago
As Tropical Storm Francine approaches Texas and is expected to hit Louisiana, a recent survey reveals that over 10% of U.S. homeowners feel unprepared for the financial implications of extreme weather. Bankrate analyst Shannon Martin highlights that 26% of American homeowners lack confidence in their financial readiness for such events. With changing insurance policies and rising costs linked to natural disasters, homeowners are advised to review their insurance coverage and maintain emergency savings to navigate potential evacuations and other related expenses.
Source: YAHOO