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Insure yourself wisely: natural catastrophes

Insurance Europe has today published an infographic on steps people can take to limit their losses from natural catastrophes. While meteorological events such as storms, floods or drought are often unpredictable and outside of our control, things can be done to reduce the likelihood of loss.

Be prepared

Prevention is the best protection, so familiarise yourself with the possible risks in your area and what to do when an emergency arises.

Choose the right policy for you

Having an appropriate insurance policy will help you to cover potential damages as a result of a natural catastrophe.

Know your coverage

Be sure to read and understand the terms and conditions of your insurance policy, including what is covered and what possible exclusions there might be.

Making a claim

If you do suffer loss as a result of a natural catastrophe, contact your insurer immediately for help and advice.

Insurers can provide expertise

Insurers not only provide insurance cover but can also help you to prepare and protect yourself against a natural catastrophe.

The infographic is part of Insurance Europe’s #InsureWisely campaign, which aims to increase financial literacy and awareness levels across Europe.

Financial education plays a vital role in ensuring that European citizens are equipped with the knowledge, confidence and skills necessary to improve their understanding of financial products and concepts. Insurance Europe also encourages EU policymakers and regulators to play a greater role in supporting this objective.

 

Published 12 December 2019