Natural Disaster
What Does Natural Disaster Mean?
A natural disaster is an occurrence brought on by nature that has the capacity to cause great harm to property or people. Many insurance policies cover natural disasters to prevent people from having to burden the devastating financial hardships they can cause.
Insuranceopedia Explains Natural Disaster
Tornadoes, earthquakes, tsunamis, hurricanes, and volcanic eruptions are all examples of natural disasters that can do incredible amounts of damage. Depending on where a person lives, they may be offered coverage for specific natural disasters in property insurance policies. For instance, people who live near an active volcano are much more likely to need coverage for volcanic eruptions than those who live elsewhere. Likewise, people who live in areas with frequent tornadoes are much more likely to need coverage for tornadoes, and so on. Therefore, location has a lot of influence when it comes to natural disaster coverage. In fact, some companies will refuse to cover certain natural disasters.
