Climate insurance is a specialized type of insurance designed to protect individuals, businesses, and communities from the financial impacts of climate-related disasters. These policies cover damages caused by events such as floods, hurricanes, wildfires, droughts, and other extreme weather events that are becoming more frequent due to climate change.
Climate insurance helps policyholders recover quickly by providing financial support for repairs, lost income, or rebuilding efforts. It is a crucial tool in managing the risks posed by an unpredictable climate, offering peace of mind and long-term stability.
Read More:
=>What is Climate Risk Insurance ? Insurance vs Without Insurance