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American Homeowners Are One Disaster Away from Losing Everything

A new report warns that millions of American homeowners lack adequate insurance coverage, leaving them financially vulnerable to natural disasters such as hurricanes, wildfires, and floods. Experts say rising repair costs and shrinking insurance options have widened coverage gaps, putting many families at risk of losing their homes if a major disaster strikes.

Background

- The article examines how many U.S. homeowners are effectively "underinsured" — their insurance policies don't cover the full cost of rebuilding after a major natural disaster (hurricane, wildfire, flood, tornado).