Does Homeowners Insurance Cover Tornado Damage?

Tornado

Finding yourself in the midst of a major tornado can be tremendously frightening. Pounding rain, intense wind and swirling debris can severely damage your home, leaving it in need of repair or complete reconstruction.

Even if you and your loved ones escape a tornado unharmed, your home and belongings may not be so lucky. Without home insurance, you will incur any losses stemming from tornado damage. As a homeowner, it is imperative that you protect your home against tornado damage with home insurance.

Tornado Activity in the U.S.

Over 1,200 tornadoes strike every year. According to the Insurance Information Institute, tornadoes have accounted for over a quarter of all catastrophe losses from 1987 through 2006. Since 1953, tornadoes and associated disasters have been responsible for roughly 57 percent of all disaster losses. In all, tornadoes and associated storms have resulted in an average of $4.9 billion per year in insurance claims since 2001.

Tornado Damage and Homeowners Insurance

As instances of major tornado disasters increase, some experts believe tornadoes could become more costly than hurricanes. In 2006, insurance claims from tornado damage reached a record $8 billion nationwide. Experts predict that future seasons will see some of the costliest and most active tornado seasons on record.

Is My Home Covered Against Tornado Damage?

Most standard home insurance policies protect against tornado damage, usually up to $150,000. If your home is worth more, you should purchase additional coverage. Each policy is unique, so contact your insurance agent if you are uncertain whether you have enough coverage or would like to buy more.

If you haven't purchased a home insurance policy, you'll be left out in the cold if your home is damaged or destroyed by a tornado or other natural disaster.

Protect your home against tornadoes and other natural disasters before it's too late. InsWeb.com's online quote form is a quick and easy tool that can help you find a low home insurance quote.