Our quarterly newsletter focuses on the rights and responsibilities of the policyholder. Each newsletter highlights current issues and trends in the insurance industry.
WHAT WE LEARNED FROM THE 2017 HURRICANE SEASON
The physical damages were only the beginning of the disaster
In 2017, various modern insurance policy pitfalls laid wake to balance sheets. Confusion regarding the new paradigm of wind-driven rain and high windstorm deductibles has discouraged most to stop pursing a recovery for damages caused by Hurricane Irma and Maria. The issues go far beyond wind-driven rain and deductibles, and include the flood insurance paradox and frequent mechanical failures that were incorrectly lumped into windstorm losses.
PREPARATION & TIPS FOR 2018
Learn from recent history and get paid
Nearly every Association and business owner is concerned for this current hurricane season. Already, several systems have developed in the Atlantic and Gulf of Mexico. Record rains of soaked areas of the east coast saturating the ground leading to frequent flash flooding warnings. Stop the cycle of low or no recovery. Preparation and education is key to your future success.