*it seems like those claims would only pay out 100% right? 100% of the value of the house perhaps. But they probably also cover things like any other loss of v

*it seems like those claims would only pay out 100% right? 100% of the value of the house perhaps. But they probably also cover things like any other loss of valuables in the house plus the cost of shelter temporary and relocation costs. Plus if someone dies or is seriously injured in the disaster they might also have to pay out for that. In addition there are costs that the local and national government will have to take when dealing with someones house being destroyed, and they might be willing to pay the insurance companies a bit to take that risk off their table.