Not so long ago, residents of Mexico were primed for the impact of Hurricane Patricia. At one point, Patricia was the strongest storm ever measured on earth with sustained winds of over 200 miles per hour (mph). Experts predicted the potential for 40-foot waves and dangerous flash flooding along the coast of southwestern Mexico. The
Storm Insurance
“Acts of God”, for insurance purposes, are defined as events that occur through natural causes and could not be avoided through the use of caution and preventative measures. In essence, the phrase “Acts of God” refers to natural disasters.
The phrase generally brings to mind hurricanes, tornadoes, earthquakes, hail, or floods. However, the lines can
Your home has suffered serious damage. Perhaps the cause was a fire, flood, storm, burglary, or vandalism. In any case, you believe you are covered, file your insurance claim, only to have it denied.
Your first instinct probably involves cursing your insurance agent at the very least, and we will not even consider the details
The state of Florida is well known for many things — sunshine, beaches, golf courses and Disney World, to name a few. Unfortunately, it is also known for bearing the wrath of one of Mother Nature’s most fearsome and destructive types of storms: hurricanes.
Hurricane Andrew was one of the worst hurricanes to ever hit
Flood insurance is required if you live in an area designated as a potential flood zone by the Federal Emergency Management Agency (FEMA). However, some 20-25% of flood claims come from moderate and low risk areas – not to mention the impact on uninsured people who are affected by floods. How do you determine your
How do insurance companies prepare for large-scale natural disasters like Superstorm Sandy? They mitigate risk through policies they purchase from reinsurance companies — those who insure the insurers. As a result, reinsurers have some of the greatest insight into the effect of natural disasters on insurance, and are on the front lines of driving changes
The National Flood Insurance Program is a government program run by the Federal Emergency Management Agency (FEMA). If your home or business is located within a 100-year flood zone as determined by FEMA, you will be required to purchase flood insurance to obtain a mortgage or business loan. Flood insurance must be purchased as a