This weekend presents a reminder of the importance of obtaining coverage before storms happen. Hurricane insurance is once again in the spotlight as the upcoming long weekend is expected to include the naming of two Atlantic storms as the season approaches its peak. This serves as a reminder of how important it is to have the right coverage in place at this time of year. This season has seemed exceptionally quiet, without a named storm having occurred by the start of September. That said, it is far from over and…
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Hurricane insurance predictions place losses from Isaac at up to $1.5 billion
The storm brought severe wind and rains to many parts of several states. When Isaac made landfall and then passed through New Orleans, it left a swath of onshore damages that current estimates are predicting to bring hurricane insurance losses of between $500 million and $1.5 billion. This disaster modeling firm prediction applies to the losses in Louisiana alone. Though Isaac wasn’t one of the most damaging that the state – or the country – has seen, it still managed to wreak havoc to homeowners and businesses alike. It caused…
Read MoreHurricane insurance misunderstandings may damage family storm readiness
As the severe weather season continues, homeowner misconceptions are reducing preparedness. Experts are saying that as the Caribbean heats up for the season, there are still many people who aren’t adequately informed about hurricane insurance, to the point that proper preparation for the storms is being derailed. They have released recommendations for preparedness that don’t just stop at food and water. That said, some of the top recommendations for being ready for the severe weather includes storing a week’s worth of food and water for every person in your home.…
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