NEW YORK, Sept. 15, 2021 /PRNewswire/ -- Natural
disasters have Americans more than worried about just climate
change. Some fear a natural disaster or emergency could financially
devastate them. Especially as emergencies and natural continue to
According to a survey conducted by ValuePenguin, over 50% of
consumers fear that an emergency or natural disaster would be too
expensive for them to afford.
- More than half of consumers worry about the financial
implications of a natural disaster. 54% of respondents don't think
they could afford the costs of such emergencies, especially
- 67% of homeowners in hurricane-prone states don't have or don't
know whether they have a flood insurance policy, even though
flooding isn't covered under a standard homeowners insurance
policy. Likewise, 66% of homeowners at risk of earthquakes don't
have a separate policy.
- 52% of consumers who experienced a natural disaster say they
weren't as prepared as they could have been. Americans 55 and
younger are most likely to regret their lack of preparation.
- Americans are least prepared for earthquakes and wildfires. On
the other hand, extreme heat and winter storms are the disasters
for which consumers feel most confident about their
- Consumers aren't prepared for emergency evacuations. 6 in 10
Americans either don't have an emergency evacuation kit (50%) or
don't know if they have one (10%). And 53% of pet owners don't have
a fleshed-out plan for their pet should they need to evacuate.
About ValuePenguin.com: ValuePenguin.com, part of
LendingTree (NASDAQ: TREE), is a personal finance website that
conducts in-depth research and provides objective analysis to help
guide consumers to the best financial decisions. ValuePenguin
focuses on value, assessing whether the return of a particular
decision is worth the cost or risk of that option, and how this
stacks up with the other possible choices they may have. For more
information, please visit www.valuepenguin.com, like our Facebook
page, or follow us on Twitter @ValuePenguin.
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