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.
Earthquakes, floods, and other disasters can seriously disrupt normal life. Services may not be available, transportation may be cut off and roads may be blocked. In some cases, you may be forced to evacuate. Be ready to respond to any situation by assembling and maintaining a Disaster Supplies Kit.
Click 'Read More' below for the Disaster Supplies Plan.
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.
ATTENTION!! New Home Insurance for the CAPE COD area!! You may obtain MORE WIND INSURANCE before a Hurricane hits the coastal area of Cape Cod. Do you know what your current wind deductible is on your policy? If you are currently in the MPIUA 'Fair Plan,' the MA state plan, then you may have a $14,000 wind deductible or higher.
INCREASE YOUR WIND INSURANCE on your HOME
The NEXT THREAT INDEX
FOR MORE INFO: (508) 540-2601
Learn how to increase your WIND INSURANCE on your home before the next threat index arrives from Hurricane Central. If you're still in the MPUIA - Massachusetts Property Underwriting Insurance Association - MA STATE 'Fair Plan' - You might have a HIGH 'Wind Deductible' on your home. That means you'll have to pay for most, if not all Wind Damage to your home after a hurricane.
NHC Hurricane Specialist John Cangialosi discusses the deadly danger of inland flooding caused by tropical cyclones.
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