The Insurance Information Institute reports that
Hurricane Katrina was the costliest disaster in the history of insurance. It
said that the insurance industry paid $41.1 billion. In addition. There were 63 percent insured losses accounted
for in Louisiana, and one-third in Mississippi. The federal government-operated
National Flood Insurance Program (NFIP) paid out $16.1 billion in claims.The more you think of the detrimental
consequences of inadequate insurance coverage, the more you’ll want to consider
taking out an insurance policy that will cover you in case something unexpected
and unfortunate...Read More...