Does the threat of hurricanes make you second-guess how relaxing retirement in Florida would actually be? You’re not wrong to be concerned, but the truth is you may experience a major natural disaster anywhere you go in the U.S.
Natural disasters are naturally occurring events that cause great economic damage and loss of life. Most of these disasters are weather-related, although virus outbreaks, toxic water, dam breaks and more are also considered natural disasters by the U.S. government.
Every single U.S. state has issued a national disaster declaration over the last five years — and that’s before COVID-19. To understand natural disasters better, and how they impact your wallet, we crunched numbers from FEMA and NOAA and analyzed our own proprietary data for this report.
We found that:
- All 50 states have been impacted by a natural disaster in the last five years
- 2020 has already had more disaster declarations than each of the previous five years and is on track to be the worst year on record due to COVID-19
- You are most likely to experience a natural disaster living in California, Washington and Oklahoma
- Over the last five years, Texas has spent the most on weather and climate disasters, totaling more than $100 billion
Natural disasters aren’t planned, and home insurance is complicated — but data helps us predict which areas are higher risk (and more expensive). Read on to discover natural disaster declarations and costs, what home insurers will and won’t cover, and which cities charge the least for coverage. You can also jump to our infographic to learn how to get your home disaster-ready.