It may not be something that we often think about, but checking natural disaster risks and warnings before moving to a new property (whether renting or purchasing) can save a few headaches later down the track. For example, those living in areas known for particularly bad storms would be wise to refrain from keeping lightweight furniture in the backyard. The same could be said for a place prone to flooding in the wet season.
Despite this, over 60% of Australians have admitted to not checking the natural disaster warnings and risks before moving into their current place of residence. And while Americans were the most likely to say that they have lived through a natural disaster across the three countries, only 36% of them were likely to check that their property is not at risk of a natural disaster. Canadians may be the worst offenders, with more than 65% of respondents letting us know that they were yet to check for natural disaster risks for their homes.
Unsurprisingly, given that the younger cohorts are more likely to say that they have lived through a natural disaster, people aged 18-24 in the US (45%) and 25-24 in Canada (48.1%) were the most likely to check their homes for any disaster risk. On the other hand, in Australia, people aged 45-54 are the most likely to check for risks (51.1%), while those aged 55-64 were the least likely (in both Australia and Canada) to check for any warnings.
Another way that people might be able to protect themselves and their households from natural disasters is through insurance. We asked our respondents how many of them ever received a quote for home and contents insurance to see if people were more open to having financial protection rather than physical protection.
We found that people on average were more likely to have considered financial protection for their belongings (53.5%) compared to having some sort of emergency kit ready at home (49.5%)