Homeowners have failed to strengthen their homes against weather threats, despite cancellation of insurance coverage, out of a misplaced belief they are not vulnerable, according to a researcher.
For the most part, people simply do not think "anything will happen to them," said Madelyn Flannagan, vice president of education research at the Independent Insurance Agents & Brokers of America.
IIABA did a recent study that found three million households have lost their homeowners coverage since 2003, including residents affected by Hurricane Katrina. But most homeowners have done nothing to protect their home against future natural disasters.
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