Lars Powell on Homeowners Insurance in Alabama
WVUA
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ICLE Affiliate Lars Powell was quoted in a WVUA piece about homeowners insurance and catastrophic weather.
Lars Powell, director of the Center for Risk and Insurance Research in the Culverhouse College of Business at the University of Alabama, said having the right type of insurance and the right amount of coverage is important. He said insurance helps pay for the cost of rebuilding after a catastrophic event occurs.
“Very few people could afford to lose their house and just pay for another one,” Powell said.
Read the full piece here.