No one is required to have insurance. Lenders require insurance to protect the asset that they loaned money on. Many people that owe nothing on their property do not have any insurance, foolish imo but true.
Tornado's are much less destructive over a wide area than are hurricanes. It is all about the numbers. When the tornado hit here a small percentage of properties were damaged as compared to what would have happened if a large hurricane would have hit.
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