Triple-I Stresses Preparedness for ‘Very Active’ 2024 Atlantic Hurricane Season
The start of what is forecast to be a “very active” 2024
Led by
“During National Hurricane Preparedness Week, everyone who lives in a hurricane-prone community should take a few moments to ensure they have adequate financial protection for their property and possessions, while also taking steps to make their home or business more resilient to the impacts of wind and water,” said
“History has proven states along the Gulf and East coasts face the prospect of catastrophic, hurricane-caused property damage. With more Americans living in harm’s way than ever before, it is critical for everyone residing in a hurricane-prone community to make preparedness a priority for the upcoming season,” Kevelighan added.
National Hurricane Preparedness Week, spearheaded by the
The Triple-I’s four key hurricane preparedness tips for the 2024 season include:
Review Your Insurance Coverage. Make sure you have the right type – and amount – of property insurance.
“With home replacement costs escalating more than 55% since 2019 due to the higher costs of construction materials and labor, you should ask your insurance professional if you have the right amount of coverage to rebuild or repair your home, to replace its contents, and to cover temporary living expenses if your property is uninhabitable,” Kevelighan said. “You should also ask about flood insurance, which is an additional coverage to standard homeowners, condo and renters policies, as well as a small business insurance policy. Nearly 90% of
The best place to start the insurance review process is by reading the declarations page of your policy. It offers details on how much coverage you have, your deductibles, and how a claim will be paid.
Standard homeowners insurance covers the structure of your house for disasters such as hurricanes and windstorms, along with a host of other perils, such as fire. It is important to understand the elements that might affect your insurance payout after a hurricane and adjust your policies accordingly.
Flood insurance, which is a separate policy from your property coverage, is offered through FEMA’s National Flood Insurance Program (NFIP) and several private insurers.
Protect Your Vehicles. Comprehensive auto, which is an optional coverage, protects your vehicle against theft and damage caused by an incident other than a collision, including fire, flood, vandalism, hail, falling rocks or trees, and other hazards. Nearly 80 percent of
Make Sure Your Possessions are Adequately Protected. Residents need to imagine the out-of-pocket cost of repurchasing their wind-damaged furniture, electronics, clothing, and other personal possessions after a hurricane. Whether you have homeowners insurance, condo insurance or renters insurance, your policy provides protection against loss or damage to personal property due to a hurricane.
Creating an inventory of your belongings and their value will make it easier to see if you are sufficiently insured for either the replacement cost or the actual cash value of the items situated at your residence. When you create a photo or video catalog of your home’s possessions, it expedites the insurance claims process if you sustain damage from a storm.
Make Your Property More Resilient. Invest in items that will harden your property against wind damage, such as roof tie-downs, a wind-rated garage door, and storm shutters.
ADDITONAL RESOURCES
FACTS & STATISTICS
TRIPLE-I ISSUES BRIEFS
State of the Risk: Hurricanes
State of the Risk: Flood
CONSUMER INFORMATION
Catastrophes: Insurance Issues
Hurricane Season Insurance Checklist
How to Prepare for Hurricane Season
Hurricane Season Insurance Guide
Hurricane and Windstorm Deductibles
Understanding Your Insurance Deductible
Preparing an Effective Evacuation Plan
Settling Insurance Claims After a Disaster
Spotlight on
Recovering from a Flood
INFOGRAPHICS
What are Hurricane Deductibles?
How to Prepare for Hurricane Season
How to File a Flood Insurance Claim
Is Your Business Ready for Peak Hurricane Season?
EXTERNAL RESOURCES
FEMA’s National Flood Insurance Program (NFIP)
NFIP Information for Insurance Agents
RELATED VIDEOS
Dr. Phil Klotzbach Discusses 2024 Atlantic Seasonal Hurricane Forecast
Hurricane Insurance Guide
Insurance Check-Up:
Create a Home Inventory
About the
With more than 50 insurance company members — including regional, super-regional, national, and global carriers — the
Unlike other sources, Triple-I’s sole focus is creating and disseminating information to empower consumers. It neither lobbies nor sells insurance.
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