ILLINOIS -- Based on several studies, the Illinois Department of Insurance is urging residents to consider the risk and update their home insurance plans.
According to a National Association of Insurance Commissioners poll, only 22% of people consider changing weather patterns as an important factor when it comes to updating home insurance.
More than half of homeowners say they haven't checked their policies in over a year.
The department says this isn't a risk you should take. They recommend homeowners re-evaluate their risk profile at least once a year to make sure they're are protected.
Records show Illinois' residents have suffered significant losses from severe weather in the last few years. In this year alone, studies show there's been an above average amount of severe storms in the U.S.
Just last month, severe storms swept through the Midwest, injuring roughly two dozen people. The total economic loss was about $1.7 billion.
In February, a tornado tore through the northern Illinois towns of Ottawa and Naplate killing two and displacing dozens.
The Department of Insurance says residents need to think forward and ask themselves questions such as:
- What has changed in my home?
- Did the number of people (or belongings) increase or decrease?
- Have I made any major purchases?