As the United States enters its peak severe weather season, residents of some states are more likely to experience financial hardship due to a disaster than others. ValuePenguin conducted a study to find the top 10 states where residents are most at risk to experience natural disasters and the average amount many will pay due to damage.

Full report: https://www.valuepenguin.com/property-insurance/states-most-at-risk-natural-disasters

Key findings:

• The financial impact of natural disasters hits hardest in Texas, where annual costs have averaged $1,478 per household over the last five years.
• Disaster costs are highly concentrated in 10 states, which have footed the bill for 80% of total disaster costs since 2014.
• Hurricanes and flooding continue to be key causes, and wildfires made a bigger impact over the last five years than during the previous period.
• As a result of the coronavirus, 2020 is on pace to be the most disaster-heavy year. As of June 1, FEMA has declared more disasters this year than any other except 2011.

Top 10 states most at risk for natural disasters:

1. Texas
2. Louisiana
3. Florida
4. California
5. Colorado
6. North Carolina
7. Michigan
8. New Mexico
9. Nebraska
10. Georgia

Residents in these areas should review their homeowners insurance regularly and ensure they are taking steps to protect their homes and property. Some standard insurances may cover some disasters, but may not cover others.