With meteorologists forecasting a very active hurricane season, you may want to learn how to best prepare for an oncoming storm.
Here are tips from Geico, the National Hurricane Center and the Insurance Information Institute:
• Determine escape routes and places where your family can meet.
• Know your home's vulnerability to storm surge, flooding and wind.
• Locate a safe room in your home or the safest area in your community.
• Have an out-of-state friend as a family contact.
• Plan what to do with your pets if you need to evacuate.
• Post emergency telephone numbers by your phones. Teach your children how to call 911.
• Check your insurance coverage; flood damage is not usually covered by homeowners insurance.
• Trim trees to remove un-healthy or dead limbs or branches.
• water-one gallon daily per person for three to seven days
• food-enough for three to seven days
• nonperishable packaged or canned food/juices-foods for infants or the elderly
• nonelectric can opener
• cooking tools/fuel
• paper plates/plastic utensils
• blankets/pillows, etc.
• clothing-seasonal/rain gear/ sturdy shoes
• first-aid kit/medicines/prescription drugs
• special items for babies and the elderly
• toiletries/hygiene items/moisture wipes
• radio-battery-operated radio and National Oceanic & Atmospheric Administration (NOAA) weather radio. Replace the batteries every six months.
• cash-banks and ATMs may not be open for extended periods.
• computer hard drive or laptop
• toys, books and games
• important documents-in a waterproof container including insurance, medical records, bank account numbers, etc.
• tools-keep a set with you during the storm
• vehicle fuel tanks filled
• pet care items
• proper identification/immunization records/medications
• food and water
• a carrier or cage
• muzzle and leash
• Take first-aid, CPR and disaster preparedness classes.
BY ANGELA GREILING KEANE, BLOOMBERG
May 6, 2014
(Bloomberg) -- More than half the U.S. population lives in coastal areas that are “increasingly vulnerable” to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory group’s report concluded.
The report released today enumerates the impact across the U.S., including a 71% increase in heavy rain and snow in the Northeast during the past half-century and an increased risk from hurricanes linked to higher sea levels.
Flooding is nature's most common natural disaster. The average homeowner is five times more likely to incur flood damage than fire damage. If you live in a high-risk zone, you have a one-in-four chance of experiencing flood damage. Almost 25% of all flood claims come from low- to moderate-risk areas and 90% of all presidential-declared disasters involved flooding. Homeowner's policies may not cover the flood damage, and the out-of-pocket costs can be burdensome.
Flood insurance is designed to provide an alternative to disaster assistance to reduce the escalating costs of repairing damage to buildings and their contents caused by floods. While your homeowner's policy may cover fire, tornado, or even earthquake damage, most EXCLUDE damage caused by flooding. Those that cover SOME flood damage do so by specific endorsement and only for a certain dollar amount. Check with your insurance agent to see what coverage is available.
To learn more about flooding, flood risks, residential coverage, commercial coverage, preparation, recovery, etc., visit our Flood Insurance page.
Homeowners Flood Insurance Affordability Act passes the Senate and moves to the President for Signature to become Law
HB3370, Grimm/Waters Homeowner Flood Insurance Affordability Act of 2014, passed the Senate last night 72-22 and is anticipated to be signed by the President within the next 10 days.
Some important highlights include:
HFIAA14 directs FEMA and the NFIP to modify BW12 Flood Reforms already in place as well as to modify the future implementation of BW12 Flood Reforms. A Congressional Summary of HFIAA14 is available to read more. We appreciate your interest and involvement in the political process, to see how your Senator voted, click here to see how your Representative voted, click here.
BY LAURA MAZZUCA TOOPS, PROPERTYCASUALTY360.COM
December 12, 2013
1. What types of risks are most common with vacant properties?
The most common risks with vacant properties are vandalism, theft and water damage. Top vandalism losses include: stolen air conditioner units, stolen cooper pipes and stolen wiring. Vandals and squatters can also break into vacant properties and cause several types of damage, such as water damage if the water has not been shut off or they may start a fire trying to keep warm in the winter.
The affected properties are among those built before the community joined the NFIP and adopted its first Flood Insurance Rate Map (FIRM). Communities began joining the NFIP in the late 1960s. To find out when your community joined, contact your local floodplain manager. Properties built before that date and not improved since are known as "pre-FIRM."
Many of the pre-FIRM properties in high-risk areas do not meet current standards for construction and elevation, and they have been receiving subsidized rates that do not reflect their actual risk. The subsidized rates are being eliminated in some cases, as noted in the chart below. Some current policyholders and all future policyholders owning pre-FIRM properties in high-risk areas will pay rates based on their full risk of flood damage. However, most NFIP-insured properties (80 percent or more) are not affected by the changes.