Utah, particularly Salt Lake County, faces a relatively high risk of natural disasters compared to other places in the United States. This high risk has important implications for residents and businesses in the area, especially regarding insurance.
Natural Disasters in Salt Lake County
Here’s what you need to know, as reported by Augurisk!
High Natural Disaster Risk Score
Salt Lake County has a natural disaster risk score of 53%, indicating a high level of exposure. Over the past 20 years, 11 disasters have been declared in the county, most due to fire incidents. This frequency highlights the importance of having great insurance coverage.
Wildfire Hazards
Wildfires are also a significant threat in Salt Lake County, with 43% of the area having a moderate or higher wildfire hazard potential. In recent years, fires like the Parleys Canyon Fire and the Rose Crest Fire have caused substantial damage.
As temperatures are expected to rise by 2.6 degrees Fahrenheit by 2100, the risk of wildfires will likely increase, making comprehensive home and property insurance an urgent consideration.
Earthquake Risks
Salt Lake County’s earthquake risk score is notably high at 66%. An earthquake with a modified Mercalli index of 8.6 could cause severe damage, especially to poorly built structures.
Given the county’s history of seismic activity, such as the significant earthquake and aftershocks in March 2020, earthquake insurance is a critical consideration for homeowners and businesses.
Learn more about our earthquake insurance in Salt Lake City here.
Flooding and Other Disasters
Floods have also been a recurring issue, with notable flooding in 1983 and 1984 that resulted in extensive damage. While coastal flooding is not a concern due to the county’s inland location, heavy storms and subsequent flooding remain risky. Flood insurance helps provide valuable protection against these events.
Implications for Insurance
Given the diverse range of natural disasters that can occur in Salt Lake County, having a comprehensive insurance plan that covers these risks is imperative.
Here’s how different types of insurance can help:
- Home Insurance: Essential for protecting against fire, earthquakes, and flooding. Be sure your policy covers these specific risks and consider additional coverage if necessary.
- Auto Insurance: Natural disasters can damage vehicles. Comprehensive auto insurance can cover damage from wildfires, floods, and earthquakes.
- Commercial Insurance: Businesses are equally vulnerable to natural disasters. A robust commercial insurance policy protects your business assets, inventory, and physical location from damage relating to natural disasters.
Get Natural Disaster Insurance in Salt Lake City
The high natural disaster risk in Salt Lake County underscores the importance of comprehensive insurance coverage.
To discuss the right kind of coverage for you, contact the team at SLC Insurance for personalized help!
