Tsunami Insurance

A tsunami can cause catastrophic damage, as was clearly demonstrated recently when the tsunami hit Japan. Of course, this was not the first time in history that massive damage was done by a tsunami. In 2004, a major earthquake caused the Indian Ocean to wash a tidal wave ashore that killed thousands of people and caused untold damage to Asia. When it comes to protecting your home, there are few things that you can do when a tsunami is forecast. You can however, choose to purchase tsunami insurance that will help you to cope with the tragedy financially.

To protect your personal belongings from a tsunami, you should first determine the height of your property above sea level. You need to know exactly how far your home is from the nearest body of water that poses a risk of tsunami. It is also important that you and your family are familiar with the safest and fastest evacuation route from your home. You should identify and become familiar with safety areas in your location and know precisely what needs to be done when a tsunami warning or a watch is issued. The local media as well as local authorities can be very good sources of information when a tragedy of this magnitude is forecast. Of course, saving yourself and your family should be your number one concern. You do however, likely worry about your home and your personal belongings should you become the victim of a tsunami. You can check your existing homeowners insurance policy to see if tsunami coverage is included.

If not and if you are in an area that could possibly be hit with such a catastrophe then you can contact the insurance company that issued your homeowners insurance policy and inquire about adding a clause that will protect you from a tsunami. While losing your home completely would be one of the most traumatic things that may happen in your lifetime and no sort of compensation can replace those items that simply cannot be replaced, there is some relief to homeowners in knowing that they will be compensated for the value of the belongings that have been destroyed or damaged.

Of course, if you live in an area that is far enough inland that a tsunami will never affect you then you simply will not need this additional coverage. Those living in the middle of the United States for instance will never have to be concerned about losing their homes because of a tsunami. Those living close to the shore however, should seriously consider this coverage. The US west coast is very vulnerable to earthquakes so this leaves them vulnerable to tsunamis as well. Many have come to believe that this type of tragedy could easily happen on the US east coast as well so if you live on or very near the coast then you should speak with your insurance carrier about adding a clause in your coverage for tsunami protection.

A standard homeowners insurance policy will likely not cover you from tsunamis. They normally view these as acts of God and this coverage is typically excluded from standard policies. You can however, get tsunami insurance coverage through the National Flood Insurance Program if you live in the United States. For those in other countries, check with your homeowners insurance company to see where this type of coverage can be obtained. Those living in flood zones normally have flood coverage which will likely cover tsunami damage. Again, this is something that you should check for in your existing insurance policy to be certain that you are completely covered in the event that you experience tsunami damage in the future. Even those who do not live in flood zones should be able to purchase relatively inexpensive coverage against tsunami damage.

There is simply always the risk of an earthquake causing a tsunami to wash ashore. If you live near the shore then tsunami insurance should be part of your homeowners insurance policy. Check with your current insurance company or go online and get quotes from various different companies regarding this coverage. Compare rates from several different companies if you want to find the best policy at the least cost.

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