Hurricane Irene may end up being one of the 10 costliest catastrophes in U.S. history. Industry experts currently put the storm’s damage at $7 billion to $10 billion; however, much of that destruction may not be covered by insurance because it was caused by flooding and not winds. Flooding is often excluded from standard insurance policies.
I just had to share this story with everyone. With all the flooding, tornadoes, and other natural disasters, this is a most timely story about FEMA and the FCC teaming up to make anybody who has a cell phone aware of any potential natural disasters in their area. According to our friends at smartplanet.com