As Tropical Storms Marco and Laura barrel toward Louisiana, you may wonder how well your homeowners or renters insurance will hold up in a natural disaster.
The answer largely depends on the disaster. Damage from many calamities are covered by a standard policy, but a handful are not and require separate coverage for protection.
Even if your insurance covers the peril, it may not be enough. Many homeowners and renters don’t have adequate protection to cover all their losses. And, because of a change in the tax law, uninsured losses can only be deducted in specific cases.
Start the day smarter. Get all the news you need in your inbox each morning.
Here’s what you need to know about your insurance covering your house or