Catastrophic events – particularly natural disasters – are increasing in both frequency and severity. Now more than ever, it is vital that consumers understand the potential risks they face and how they can protect themselves. Knowing how to actively manage your risks can help you select the right insurance coverage for you and can significantly reduce costs.
In the event of a crisis or accident, property and casualty insurance provides protection for you, your family and your community. Insurers are there to help manage your risk and protect you from loss due to life events.
More needs to be done to help bridge the insurance gap to help protect consumers and communities following catastrophes and other events.
Frequently Asked Questions
Insurance helps individuals and businesses manage risk. It is a mechanism for protecting people against losses, damage, injuries and costs associated with unexpected events in the future.
Pricing varies because of how insurance companies calculate risk. Factors such as location, credit history or your history of submitting claims may result in varying rates.
Property and casualty insurance are types of coverage that help protect the things you own, such as your home or car.