Disasters can happen anywhere and at any time. But some places experience more than their fair share of floods, tornadoes, hurricanes, winter storms and severe weather — so much so that certain locales earn frightening nicknames, such as Tornado Alley. No matter where you live, make sure you have the right kinds and necessary amounts of insurance coverage to protect your finances.
• Estimated property damage (2006-2013): $26.4 billion
• Most frequent disasters: damaging wind, winter storms, floods and flash floods
• Weather-related fatalities (2006-2013): 87
New Jersey earns the top spot on this list, in large part due to damage wrought by Sandy — which had weakened from a hurricane to a post-tropical cyclone by the time it the Jersey Shore — in October 2012. The state was among the hardest hit by Sandy, which was the second-costliest storm in U.S. history, after Hurricane Katrina. Many homes and businesses were destroyed along the Jersey Shore, and a portion of the Atlantic City Boardwalk washed away. Shortly after Sandy hit, another storm brought wet snow that caused more power outages and damage.
Homeowners who live along the coast or in areas where there are frequent storms should take steps before hurricane season begins to protect their homes and finances from damage.