whereas rebuilding new orleans and therefore the gulf coast once the horrible devastation of hurricanes katrina and rita has relied partially on various volunteers, aid agencies and donations from the general public, insurance agencies have conjointly played a crucial role. the numbers concerned during this disaster, the worst natural disaster the insurance trade has ever restrained, are astounding : 1. 7 million insurance claims were filed for $40. 6 billion in damages. approximately 682, 000 insured vehicles were damaged or destroyed. despite the terrible destruction and therefore the long rebuilding method ahead, insurance corporations have largely succeeded with their job. reports indicate that 2 p.c of claims stay in a few type of dispute ref. though many individuals found themselves the victims of the poor fema response or lacked adequate insurance coverage, lots of others are ready to come back for their lives owing to the safety net provided by homeowners insurance.
after all, homeowners insurance isnt solely for victims of major disasters. from water injury to vandalism to a person accidentally injuring himself at your own home, homeowners insurance has several applications. during this article, youll know why you wish homeowners insurance, how it works and how you can save cash inside the best policy for your company.
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