Coastal Insurance Company insures beachfront properties throughout Virginia, North and South Carolina, and the coasts of Georgia; The rough estimate is that, in any given year, the probability that a Category III or more intense hurricane will hit a coastal region (St. Simons Island, Georgia, for example) is 0.05. If a homeowner gets a 30-year home loan on a newly purchased property in St. Simons, are the chances that he will experience at least one hurricane during that time?