Proposed SurveyVery few homeowners are prepared for weather-related risks

By Mary Sams, Senior Research Analyst, Triple-I

The 2023 Atlantic hurricane season officially begins June 1 and is forecast to be a busy hurricane season, so homeowners need to prepare. Yet many people lack even the most basic of precautions, unaware of the risks they face, according to a new survey by Triple-I, in collaboration with Munich Re.

new report, Homeowners Weather Risk Awarenessprovides insights into trends, behaviors, and how experiencing a weather event impacts consumers’ perceptions of future events.

During the first half of 2023, Triple-I, in collaboration with Munich Re, asked homeowners across the US about their experience with weather-related risks. Among the main findings:

  • 25% of respondents do not expect to be affected by future weather risks.
  • Thirty-two percent report that they have been affected by weather in the past five years.
  • Two main ways to prepare for weather risks include building an indoor stockpile and an emergency evacuation plan. However, only 47 percent of respondents have a home inventory and a little more (52 percent) have an evacuation plan.
  • Thunder was reported as the main weather concern, at 54 percent nationally. This includes floods and tornadoes and varies by geographical area. The Midwest leads the region with the highest reported thunderstorm risk, at 75%, and the West has the lowest rate of concern, at 33%.

The survey found that flood risk awareness and education is the best opportunity to get homeowners to take the necessary steps to protect their property. For example, of the 22% of respondents who said they understood flood risk, 78% said they had purchased flood insurance.

Find out more:

Risk Status: Flood (Triple-I Issue Summary)

Risk Status: Hurricane (Summary of Triple-I Issues)

Risk Status: Convection (Summary of Triple-I Issues)

Rooted in High Tides How Insurers Can Close the Flood Protection Gap (Triple-I/Capgemini)

Severe convective storms: Increased risk Calls for innovation to reduce costs, promote resilience (Triple-I Study Paper)

Floods: Beyond Risk Transfer (Triple-I Study Paper)

from the Trusted Source of unique, data-driven insurance insights to inform and empower consumers.


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