NEW YORK, Aug. 26, 2020 /PRNewswire/ -- Hurricane Laura is barreling towards the U.S. Gulf Coast as a category 4 hurricane, but many homeowners in its path say they are ready. Although Texas and Louisiana will see the brunt of the storm, other states may be affected by hurricane damage. Do homeowners know how much coverage they need to survive hurricane season?
With the season only beginning, ValuePenguin conducted a survey on hurricane preparedness and found that 86% of homeowners in hurricane-prone areas say they are prepared.
While many homeowners in high-risk areas believe they'll face flooding from hurricanes this year, just over a third falsely believe they're covered under their homeowner's insurance policy. Similarly, 29% of renters in such areas also believe their renters insurance policy protects them from flooding.
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