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Insurance experts report that many homeowners are in serious risk of financial hardship should their properties become damaged in a disaster. (Photo: ©digitalfoto105/Adobe Stock) Insurance experts report that many homeowners are at serious risk of financial hardship should their properties become damaged in a disaster. (Photo: ©digitalfoto105/Adobe Stock)

The insurance carrier Nationwide estimates that two out of every three homeowners in the U.S. lack sufficient coverage to protect their property against damage from a disaster.

The carrier reports that the average underinsurance amount is 22%, but some homes are underinsured as much as 60%. It follows that millions of homeowners risk financial ruin should their homes sustain serious damage.

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Elana Ashanti Jefferson

Executive Editor Elana Ashanti Jefferson is a veteran journalist and communications professional. She can be reached by sending email to [email protected]

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