Insurance can play a significant role in compensating damages caused by a natural disaster by covering the cost of repairs or replacing damaged property.
Individuals or businesses may often have insurance policies specifically designed to provide coverage for damages resulting from natural disasters. When a disaster occurs, the policyholder can file a claim with their insurance company and receive compensation for their losses if the claim is approved.
This can help alleviate the financial burden of recovering from a natural disaster. However, the extent of coverage and the amount of compensation received may depend on the specific terms and conditions of the insurance policy.