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New York Press Office: (212) 346-5500; media@iii.org

NEW YORK, April 3, 2012 — The ¾«¶«Ó°Òµ Information Institute (I.I.I.) has experts available to conduct interviews on the insurance ramifications from the powerful storm system that spawned tornadoes today in the Dallas-Fort Worth area, Texas.

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Standard homeowners and business insurance policies cover wind damage to the structure of the building and its contents caused by tornadoes as well as thunderstorms, more of which are expected to occur tonight.Ìý

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Homeowners insurance policies also traditionally provide for additional living expenses (ALE). ALE coverage pays the costs of living away from home if you cannot inhabit your house due to damage from an insured disaster. It covers hotel bills, restaurant meals and other living expenses incurred while your home is being rebuilt.

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Damage to cars from a tornado is covered under the optional comprehensive portion of a standard auto insurance policy.

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If your business has been damaged, and you have business income (also known as business interruption) insurance, it covers the profits your business would have earned, based on your own financial records, had the disaster not occurred. The policy covers additional operating expenses incurred as a result of the disaster, such as the extra expenses involved in operating out of a temporary location.

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To arrange an interview with the I.I.I., please call the press office at 212-346-5500.

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