Policies cover damage a tornado, but may not cover

Almost all homeowners in the path of a tornado this week will have insurance to cover losses from damage, but not necessarily enough. , Dusty Compton, PS

Tornado rips through Tuscaloosa, Ala., on Wednesday.

By Dusty Compton, PS

Tornado rips through Tuscaloosa, Ala., on Wednesday.

A typical homeowner insurance includes cover for tornado, Tornado policy therefore should not be purchased separately as earthquakes, floods and hurricanes in some States, however, research has shown that 96% of people have homeowner's insurance, 64% of United States homes are undervalued for insurance purposes, says a study from 2008 researcher Marshall & Swift. This leaves homeowners with enough money rebuld 81% from home, says study. 33% of the value of the House drunk during the past five years. Perhaps that led people to think they don't need to update their insurance. "But the cost of building, in most areas, most likely went up, insurance experts say People won't." enough money to rebuild their homes, "said Martin Hartley, privilege underwriters reciprocal exchange that offers high value home insurance will also suffer from tenants. Only 43% of them are renter's insurance, says insurance Research Council In the State where President Obama declares disaster, uninsured or under insured-may receive federal aid which was limited to just over $ 30000. The average payments will probably be considerably less. last year, Tornadoes and severe thunderstorms caused no. 1 insured losses from natural disasters in the United States But for most of the past decade, the insurance, the second for losses from hurricanes and tropical storms, tornadoes, said losses by industry researcherInsurance Services Office, Tornadoes typically damaging wind.. If roofs, and maintaining a home destroyed by rain that covered the default policies. Homeowners insurance also covers home maintenance costs and living expenses while you are rebuilding homes. It does not cover damage from flooding, which is not a tornado, said Amy Danise consumers insurance Insure.com.While insurers reduce risk by selling individual insurance policies for floods and earthquakes, hurricanes, so widespread that it is more difficult for insurance companies in order to avoid ihGovorit damage from tornadoes Hartley.also tend to be more scattered in the area, with damage from earthquakes and hurricanes is generally, broad-based, "says Hartley. for additional information about Reprint permissions, visit our FAQ &. Report corrections and clarifications, contact standards editor Brent Jones. For consideration of publication in the newspaper, send comments to letters@usatoday.com. Include name, phone number, city and State to check. To view our corrections, go to corrections usatoday.com. We have updated the guidelines talk. Changes include a brief overview of the approval process and explains how to use the button "report abuse". For More Information.