Overview of Past Hurricane Seasons
In a three-day period from Sept. 15-17, 2004, Hurricane Ivan’s tornadoes struck nine states from Florida to Pennsylvania. Virginia saw the most tornadoes with 40 total followed by Georgia with 25 and Florida with 22. The insured losses were over 14 billion dollars. Hurricane Irene has caused not only billions of dollars in damage through wind, rain, and flooding, but also has exacted a heavy toll on commercial business operations as a result of power outages, evacuations, and transportation route closures.
Have You Reviewed Your Insurance Policy?
The 2016 Hurricane Season begins June 1st and ends on November 30th. As you prepare for this year’s storm season, it is important to also review your insurance policies, ensuring that you have the proper coverage in place should a catastrophic event occur in your area.
Most property policies specifically exclude flood as a covered cause of loss. It is important that you have a flood policy in place for both your home and your business in order to safeguard your financial investments. Almost 40% of small businesses never reopen their doors after a flood disaster. Protect yourself and your business, do not delay. It takes approximately 30 days from the date of purchase for a flood policy to go into effect.