Were You and Your Family Caught Up in The Earthquake In South Eastern Canada Last Week?

Were You and Your Family Caught Up in The Earthquake In South Eastern Canada Last Week

?

fortunately, the magnitude was only 5.0 according to the US Geological Survey, and no major damage was reported. The earthquake originated in Ottawa, the reports say it was 61km north of the city.

Some people who experienced the earthquake called it "gradual rumbling, as if construction was going on on the lower floors of buildings" The rumble could be experienced as high up as the 9th floor of office and apartment blocks according to eye witnesses. The vibrating sensation may have been mild, but Lorne clearly felt the earthquake.

The quake puts in your thoughts just how exposed we are in Canada to natural disaster, even though one of this size only occurs once a decade. So how do you try and ready and protect your household for future natural catastrophes?

There are many things you can do to prepare yourself for such eventualities, but one important thing to consider is life insurance.

Earthquakes are among the most expensive natural disasters, together with floods and tornadoes. To put it in context from 1950 to 2002, earthquakes answered for 30% of damage by natural disasters alone. Still, they account for only 9% of the human cost, paling in comparison to famine, which killed 42% of people, but accounts for only 4% of the total damage over those years.

While only 75,252 lives were lost per year in the 90s, as opposed to 86,328 yearly in the 80s, an average of 211 million people a year hit by natural disaster in the 90's up from 147 million in the 80's.

With a massive increase in financial impact from natural disasters since the 1960's we also see an increase of occurrences, which isn't good news.

With the prevalence of natural disasters skyrocketing and the amount of lives involved increasing by the decade, one can't help but think of how to protect their family's future in case they find themselves caught in nature's fury.

Searching for life insurance that covers these types of disasters is crucial, so read the small print, luckily all the five influential Canadian insurance companies we looked at do. If you are warned not to travel somewhere, such as a war zone and you do, be aware that this is one caveat that insurance companies put in place on their policies.

Delivered by Lorne S. Marr, the founder of LSM Insurance and mortgage life insurance expert

POST COMMENT

Mothers Day Gifts From The Home And Heart- A Family's Mothers Day Tradition How To Prepare Your Family For The Adoption Of A Pet North Face Designed For The Whole Family Divorce Is A Disastrous Issue Which Is Very Destructive For The Children Of The Family. Qdoba Discount coupons - How to use coupons for discounts on your family dinner Dog Food Aggression In A Family With Kids Is A Dangerous Cocktail Finding Your Part In The Family Of God Part 1 Latest Guidelines To Save Capital On Branson, Ozarks Accomodations And Have Family Time Or Career Tr Family Tree Research - Don't Make These 2 Mistakes Family Dental Office Langhorne Pennsylvania Family Tree Research: How To Record Memories To Create A Sturdier Family Family Tree Research: Preserving Memories For An Enduring Family Recipes for Homemade Yogurt Ice Cream: Healthy Breakfast and Desserts for the Family