As many as three-quarters of U.S. homeowners could be underinsured, a significant risk as weather disasters intensify.
Thousands of Californians who lost their homes in the Los Angeles fires last month are now grappling with insurance claims. And with research showing that extreme weather today poses a threat to nearly half of all U.S. homes, it's important to know exactly how much coverage you have so that when disaster strikes, you're not left standing in the rubble.Indeed, as many as 3 in 4 U.S. homeowners could be underinsured, reports CBS News national consumer correspondent Ash-har Quraishi.
For those who discover they have no protection of any kind of natural disaster, or after doing the math find that they're not sufficiently covered, the next step should be to get the maximum amount of coverage they can.'Do go to your underwriter and ask,' Thompson said. 'Max out on your insurance — it does cost us a little bit more every single month, but it's just incredibly important. Some people won't call because they're afraid of being dropped. Do not do that.
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