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The United States is no stranger to climate-related destruction, with the NOAA estimating there have been 341 weather events that caused damages of over $1 billion since 1980 for a total cost of around $2.475 trillion.

In 2022, there were 18 billion-dollar-plus loss weather events, which totaled around $165 billion in damage and caused 474 deaths. These disasters included:

  • Drought and heat wave in the western and central U.S.
  • Winter storms and a cold wave in the central and eastern U.S.
  • Wildfires in the western U.S.
  • Hurricanes Fiona, Ian and Nicole
  • Flooding in Kentucky and Missouri
  • Tornado outbreaks in the southeast, Midwestern and central areas of the U.S.

Of course, along with storm damage comes the inevitability that some residents will need to evacuate their homes, either temporarily or long-term. Many homeowners and renters policies offer additional living expenses (ALE) coverage for these circumstances; which can help cover living expenses if alternative housing is necessary when a covered peril renders a policyholder's residence unusable.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].