How Missouri’s Disasters Cost Its Residents

ST. LOUIS (KMOX) – As evidenced by last week’s storms and this week’s flooding, Missouri is one of the states most at risk for natural disasters and that impacts the wallets of those who live in the state.

According to HomeInsurance.com, Missouri homeowners pay over $300 more each year than residents of Illinois and Iowa but $400 less than Oklahoma residents.

Insurance Information Institute spokeswoman Lynne McChristian says when you live in a state like Missouri, you have to look for ways to stay safe and reduce your rates.

“A safe room would be important for people in Missouri,” she said. “Another important insurance coverage to have is flood insurance.”

According to Bankrate.com, Missouri ranks behind nine other states in the number of major disaster declarations since 1953.

“You can’t ignore some of the things that have happened in the past because you have to plan for those costs to pay claims for future disasters,” McChristian said.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

Live Inspired
KMOX Podcasts

Listen Live