Cost of Tornadoes
High winds and tornadoes that made their way across Iowa, Nebraska and Illinois in the summer of 2017 caused extensive destruction, amounting to $1.2 billion in economic costs, according to NOAA.
The upper Midwest states also endured severe hailstorms in 2017 that left many buildings and vehicles damaged. The cost of that hail and wind damage came to $2.5 billion. Meanwhile, the tornado outbreak and wind damage that affected Midwestern states in March 2017, leaving more than 1 million customers in Michigan alone without power, cost an estimated $2.1 billion.
To protect your assets and finances from natural disasters like tornadoes, many experts recommend creating a national emergency fund and kit.