Hurricane season extends from June 1 - November 30.
The National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center is predicting a near-normal 2019 Atlantic hurricane season of nine to fifteen named storms with winds of 39 mph or higher. It is estimated that four to eight of those storms could become hurricanes with winds of 74 mph or higher, while two to four could develop into major hurricanes with winds of 111 mph or higher.
The fact is, it only takes one significant storm to do major damage. Gale-force winds of 39 mph or higher will break off tree branches and cause structural damage to buildings; winds over 55 mph can uproot entire trees.
Along with high winds, accompanying storm surges and extreme rainfall can also result in major structural and material damage. Just one inch of water in an office building or home can destroy flooring, drywall and contents. Many storms have maximum inundation levels that are feet above ground level. According to CoreLogic’s 2019 Storm Surge Report, 4.1 million homes along the Atlantic Coast and 3.1 million homes along the Gulf Coast are at substantial risk of damage from storm surge during this hurricane season.
Sadly, as so many coastal residents have learned, recovery from direct damage caused by destructive hurricane winds and flooding can be a long and financially devastating process. In 2018, Hurricanes Michael and Florence combined, caused $49.2B in damages. (NOAA National Centers for Environmental Information (NCEI) U.S. Billion-Dollar Weather and Climate Disasters (2019). https://www.ncdc.noaa.gov/billions/ )
While many insureds have chosen to roll the dice on purchasing CAT-related insurance in the past, the recent trend in above-average hurricanes has made many businesses and homeowners consider getting coverage and peace of mind before it is too late.
Ask about our:
- Preferred access to top-tier markets, including coastal CAT carriers
- Designated capacity for catastrophe-based perils through All Risks Property Risk Examiners and Administrators (PREXA)
- Multiple exclusive London slips
- Private flood programs
- 24/7 online residential flood quoting via QuickHome
- Coastal property capacity
- Comprehensive Master Programs (Property, GL & Umbrella)
- Single peril placement for Flood & Wind
- Ground-up limits, primaries, quota share and excess layers
All Risks Property brokers will work with you to ensure your clients are covered from every angle in advance of the next major storm.