Insurance Policy – Car Insurance In Memphis http://carinsuranceinmemphis.net/ Tue, 28 Jun 2022 01:44:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://carinsuranceinmemphis.net/wp-content/uploads/2021/06/icon-1.png Insurance Policy – Car Insurance In Memphis http://carinsuranceinmemphis.net/ 32 32 Tuscaloosa Autism Advocate Calls for Insurance Coverage Reform https://carinsuranceinmemphis.net/tuscaloosa-autism-advocate-calls-for-insurance-coverage-reform/ Tue, 28 Jun 2022 01:44:00 +0000 https://carinsuranceinmemphis.net/tuscaloosa-autism-advocate-calls-for-insurance-coverage-reform/ TUSCALOOSA, AL — A local autism advocate has announced plans to call on the city of Tuscaloosa to reform its health insurance policy to be more inclusive for people with autism spectrum disorders. Hinson’s main concern is that although the city of Tuscaloosa recognizes April as Autism Awareness Month, the city does not actually cover […]]]>

TUSCALOOSA, AL — A local autism advocate has announced plans to call on the city of Tuscaloosa to reform its health insurance policy to be more inclusive for people with autism spectrum disorders.

Hinson’s main concern is that although the city of Tuscaloosa recognizes April as Autism Awareness Month, the city does not actually cover autism treatment for its employees.

The National Institute of Mental Health defines autism spectrum disorder as “a neurological and developmental disorder that affects the way people interact with others, communicate, learn, and behave.”

She then cited Tuscaloosa’s reported exemption to the Riley Ward Autism Insurance Reform Act, which requires most insurers to offer Applied Behavior Analysis (ABA) coverage plans.

“I have been in contact with other autistic families who have been asking the city to change their policy to cover speech therapy, occupational therapy and ABA for years without success,” Hinson said in a statement Monday. “This Tuesday evening, we invite the community to join us at the town council meeting dressed in blue to urge town officials to reform their health insurance policy to be more inclusive for all. health and I will talk about the importance of autism coverage.”

In response to news from those gearing up to speak out on the policy, the head of the City of Tuscaloosa’s human resources department, LaShonda Kemp, told Patch that city officials plan to look into the matter before to move forward.

“As we strive to ensure that our employees and their dependents have access to the highest level of coverage, the City annually evaluates the benefits provided to employees,” she said. “The city council has requested detailed information and is currently considering the options. ”

The next regular meeting of the Tuscaloosa City Council is scheduled for 6 p.m. on Tuesday, June 28 in the council chambers of Tuscaloosa City Hall.


Do you have any tips or suggestions on how I can improve Tuscaloosa Patch? Perhaps you would like your company to become one of the latest sponsors of Tuscaloosa Patch? Email me all inquiries at ryan.phillips@patch.com

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As Mortgage Costs Rise, Is It Time to Consider Buying a Tiny Home? https://carinsuranceinmemphis.net/as-mortgage-costs-rise-is-it-time-to-consider-buying-a-tiny-home/ Sun, 26 Jun 2022 10:00:29 +0000 https://carinsuranceinmemphis.net/as-mortgage-costs-rise-is-it-time-to-consider-buying-a-tiny-home/ Image source: Getty Images Don’t buy a tiny house until you read this. Key points Tiny homes are generally defined as 400 square feet or less. Tiny houses can be much cheaper than traditional houses. Tiny homes have drawbacks, including financing issues. Tiny homes are generally classified as properties of 400 square feet or less, […]]]>

Image source: Getty Images

Don’t buy a tiny house until you read this.


Key points

  • Tiny homes are generally defined as 400 square feet or less.
  • Tiny houses can be much cheaper than traditional houses.
  • Tiny homes have drawbacks, including financing issues.

Tiny homes are generally classified as properties of 400 square feet or less, although some definitions reach 1,000 square feet. Tiny houses have become a popular option, with a whole tiny house movement, in part because they cost around a fifth or less of what traditional properties cost.

Their low prices can make tiny homes even more attractive these days, with skyrocketing mortgage rates and rapidly rising house prices. But if you’re considering buying one, there are a few things you need to think about first.

Some Tiny Homes Can Actually Lose Value

Some tiny homes are on wheels or have no physical foundation and are therefore considered RVs. Unfortunately, unlike most real estate such as residential homes, recreational vehicles generally lose value rather than increase in value. And even if your home has a permanent foundation, reselling it can still be difficult because tiny homes are niche products that not everyone wants to live in.

Therefore, if you are relying on a tiny house to help you build wealth by acquiring a valuable asset, you should be aware that this may not happen.

Getting a mortgage for a tiny house can be tricky

Generally, mortgage lenders have certain requirements for a dwelling, including a physical foundation. Tiny houses may not meet these requirements. Many lenders also have minimum mortgage limits, and smaller homes can fall below this amount. Therefore, it may be difficult, if not impossible, to finance the purchase of your tiny home with a traditional mortgage.

You may be able to get an RV loan or get financing through a small home builder. But the rates are likely to be higher than a standard mortgage and you generally won’t be eligible for the tax benefits that a traditional mortgage offers.

Not all regions allow small houses

You will need to find a place to put your tiny house. Unfortunately, zoning and building regulations sometimes prohibit this type of construction because they have minimum size requirements or other requirements that a tiny home cannot meet.

Not all home insurers cover tiny homes

When investing in your tiny home, you want to protect your investment. Unfortunately, it can sometimes be difficult to find a home insurance policy that will cover a small house. You may have a narrower choice of insurance companies, if you can find coverage.

There are also advantages to owning a small house

While you should be aware of the potential downsides of buying tiny homes, there are upsides as well.

Tiny houses are cheap to build, so you might be able to pay out of pocket after saving for a few years. You may be able to avoid property taxes if your tiny house is on wheels and your utility bills will be much lower than if you had a larger property. You can also put your tiny home on a smaller lot, which means buying land can be cheaper.

If these advantages outweigh the potential disadvantages, including limited storage space, then you may decide to go ahead with a tiny home purchase. But don’t let high mortgage rates scare you off into buying a tiny home if it’s not really what you want – otherwise, you may very much regret your purchase over time. Instead, remember that rates are still relatively affordable by historical standards and could always drop in the future.

The Best Mortgage Lender in Ascent in 2022

Mortgage rates are rising – and fast. But they are still relatively low by historical standards. So if you want to take advantage of rates before they get too high, you’ll want to find a lender who can help you get the best rate possible.

This is where Better Mortgage comes in.

You can get pre-approved in as little as 3 minutes, without a credit check, and lock in your rate at any time. Another plus? They do not charge origination or lender fees (which can reach 2% of the loan amount for some lenders).

Read our free review

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HIB urges regular medical treatment of health insurance policyholders « Khabarhub https://carinsuranceinmemphis.net/hib-urges-regular-medical-treatment-of-health-insurance-policyholders-khabarhub/ Fri, 24 Jun 2022 10:15:18 +0000 https://carinsuranceinmemphis.net/hib-urges-regular-medical-treatment-of-health-insurance-policyholders-khabarhub/ HIB urges regular medical treatment of health insurance policyholders KATHMANDU: The Health Insurance Fund (HIB) has urged health institutions to provide regular medical treatment to health policy holders. HIB Executive Director Dr. Damodar Basaula through a press release on Thursday urged health facilities to provide regular medical care to health insurance policyholders as the process […]]]>

HIB urges regular medical treatment of health insurance policyholders

HIB urges regular medical treatment of health insurance policyholders

KATHMANDU: The Health Insurance Fund (HIB) has urged health institutions to provide regular medical treatment to health policy holders.

HIB Executive Director Dr. Damodar Basaula through a press release on Thursday urged health facilities to provide regular medical care to health insurance policyholders as the process is underway to payment of medical treatment costs.

“The Council is working vigorously for the prompt payment of claims that have been reviewed. Payment would be made regularly by preparing a work program in the coming days. Therefore, the Council requests all health service providers to provide the medical treatment service to health insurance policyholders on a regular basis,” the press release reads.

It should be recalled that TU University Hospital, B&C Medical College and Nobel Medical College had announced that they were to stop medical treatment services to health insurance policyholders, citing the board’s refusal to make payment of an amount in lieu of policy insurance.

According to the HIB, the insurance claims of 1 million,853,000,953 health policyholders through May 29 of the current fiscal year are being reviewed on a priority basis. He said the payment of Rs 8.13 billion was made by verifying the claims of a total of 5 million 284 thousand 894 policyholders including the remaining 909 thousand 57 million from the financial year 2021/22 and the 3 million 375 thousand 837 of the current financial year. year.

About 5 million 639 people from 746 local levels in 77 districts have so far subscribed to the health insurance policy.

The Council manages the health insurance program by entering into agreements with 450 health service providers throughout the country.

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Endowment and whole life insurance https://carinsuranceinmemphis.net/endowment-and-whole-life-insurance/ Mon, 20 Jun 2022 22:00:32 +0000 https://carinsuranceinmemphis.net/endowment-and-whole-life-insurance/ Endowment and whole life insurance are two types of insurance policies that offer many benefits. In this article, we will discuss how whole life and endowment policies work and the differences between the two. All the life Whole life is a type of permanent insurance policy where the premium remains constant for your lifetime. With […]]]>

Endowment and whole life insurance are two types of insurance policies that offer many benefits. In this article, we will discuss how whole life and endowment policies work and the differences between the two.

All the life

Whole life is a type of permanent insurance policy where the premium remains constant for your lifetime. With an endowment, you can either pay premiums annually or make a large upfront payment for a specific term that typically lasts 10 to 20 years. After that term, you can choose to stop paying premiums, but the policy will expire unless you start paying monthly premiums again.

Endowment Insurance

A capitalization insurance policy is a type of insurance that has a specific cash value and usually does not last for your lifetime. This type of policy requires you to make periodic payments on an annual basis. The number of payments to be made depends on the duration of your contract, the most common duration being 10 years or until the death or permanent disability of the insured. At this point, the insurance company will pay out a predetermined sum of money to your beneficiaries.

Differences

Besides how you pay the premiums, there are many other differences between the two types of insurance policies.

1. They are regulated differently.

Whole life insurance is considered an investment product and is therefore regulated by the Securities & Exchange Commission (SEC). An endowment policy, on the other hand, is overseen by the Department of Insurance (DOI).

2. Their goal is different.

Whole life insurance policies are intended to provide income to your beneficiaries upon your death. Endowment policies are intended to provide for a future event which may be permanent disability or death. If either of these events occurs, the policy will pay a predetermined amount of money to your beneficiaries.

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3. Long term care is covered differently by each policy.

Whole life policies have a rider that helps pay for long-term care. An endowment insurance policy does not provide this benefit unless the individual chooses to purchase it separately.

4. Their price is different.

Whole life policies have a cash value, which makes them more expensive than an endowment policy, which has no cash value and is therefore less expensive than a whole life policy.

5. They have different purchase agreements.

Endowment policies are tailor-made for their clients, while whole life policies are available online in some different purchase contracts.

6. Their advantages are different.

With an endowment policy, premiums go to a specific beneficiary you designate. With a whole life insurance policy, premiums go to the person you designate as beneficiary in the event of death or permanent disability.

7. They have different surrender and cancellation clauses.

An endowment policy has a surrender clause that requires the policyholder to pay off the whole life insurance policy within five years or surrender it to receive its cash value, whichever comes first. With a whole life policy, premiums are paid to your beneficiaries in the event of death or permanent disability. Given this difference, an endowment policy may be reconsidered when one party is no longer able to make payments and the other party is no longer needed for financial security.

Conclusion

Endowment insurance and whole life insurance policies are two different types of insurance policies. Each offers its advantages and protections, but it is important to carefully compare the conditions of the two types of insurance before making a decision.

These two articles have given you some insight into how endowment and whole life insurance work. As always, remember that it’s important to discuss any financial decision with your insurance advisor before making a final choice.

Category: Local News, NEWS

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How do you insure a 1955 Mercedes-Benz sold for the record price of $142 million? https://carinsuranceinmemphis.net/how-do-you-insure-a-1955-mercedes-benz-sold-for-the-record-price-of-142-million/ Sun, 19 Jun 2022 04:25:00 +0000 https://carinsuranceinmemphis.net/how-do-you-insure-a-1955-mercedes-benz-sold-for-the-record-price-of-142-million/ On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for $142 million at auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, well beating the eight-figure Ferrari sales that had long topped prime billing. The identity remains a mystery of who purchased […]]]>
On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for $142 million at auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, well beating the eight-figure Ferrari sales that had long topped prime billing. The identity remains a mystery of who purchased one of two silver stunners with gullwing doors and shiny exhaust pipes protruding from its right side. “The buyer is an enthusiast and not an investor,” explains Simon Kidston, who placed the winning bid on behalf of a client, whom he refuses to identify. “He is someone who loves the car. The buyer never asked me what I think the car might be worth in the future.

What is certain is that an object of such value will require a rock-solid insurance policy — if the new owner plans to drive it. Technically, if the car is never driven, it won’t legally need insurance, according to analysts at Hagerty, a U.S. company that provides insurance for collector vehicles and collections worth up to $1. billion dollars. “In some parts of the world, people don’t insure high-value vehicles,” says Jack Butcher, president of global markets at Hagerty. “They want to keep them off the books.”

Like a work of art
A Mercedes Benz spokesperson said the company would not comment on insurance regarding the record-breaking coupe. But according to Abe Barnett, vice president of Signature Services, Hagerty’s most high-end insurance segment, the most obvious bet for the new owner would be to protect it under an inland marine insurance policy. , which covers high-value items generally excluded.

Many factors go into finalizing the pricing and structure of such a policy – ​​such as location, storage and type of vehicle – but in general, insuring a $100 million vehicle costs upwards of $100,000. per year. “It would basically treat it like jewelry or art,” says Barnett. “It offers a much broader form of cover, as opposed to a standard car insurance policy, which would be comprehensive and collision coverage.

When they take their vehicle, whether they want to take it to a concours or take it on a road rally or tour, this policy will cover it appropriately. This includes protection against damage or loss due to theft, accident, mishandling or in the event of undetermined cause of loss of property. It would also help cover the cost of repairing or replacing property damaged by fire, wind, hail or water. However, it does not cover damage caused by war, mechanical failure or problems arising from regular use.


How much does it earn you?


The most important thing when taking out such a policy is to agree on the value for which the vehicle will be insured. This number may be much higher than what was paid for it; it can also increase when a car is restored. How and where the car will be stored will likely affect the price of the insurance policy more than anything else.

“A lot of rich people live in beautiful areas that tend to be catastrophically exposed,” Butcher says, citing private islands, forested mountains and steep cliffs. It is essential to keep a vehicle away from wildfire areas and hurricane areas. The same goes for storage in a temperature-controlled environment with effective security cameras and burglar alarms. An additional consideration: “Insurers will want to know the ages of people who might drive it,” says Kidston. “And if the car is transported, they will ask that there are two drivers in the truck and that it is not left unattended.” As with your everyday car insurance policy, not having to submit a claim helps keep the insurance premium down.

Rise from the ashes

Even if the unthinkable happens and the car is damaged, all is not lost – assuming it can be repaired. In the event of extreme damage, the owner turned to the insurance company to reduce the value of the car, pending its restoration. In rare cases, the value of cars has skyrocketed after superficial damage. In 2019 in Durham, USA, a gas pipe exploded outside a warehouse storing around half of Ingram’s prestigious car collection. An extremely rare 1961 Porsche 356 B Carrera GTL Abarth – so valuable that an original toolbox alone is worth $10,000 – was one of many vehicles damaged. After an intensive 4,000-hour restoration of the tiny silver race car, the Abarth made a full comeback in just four months, winning its class at the Pebble Beach Concours d’Elegance. She then won top honors in her class at the 2022 Amelia Island Concours d’Elegance. In May, she won her class at the Villa D’Este Concours d’Elegance. Call it a triple crowned comeback and more – with the help of a solid insurance policy.

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Coventry ranks No.1 in the life settlements market for 2021 https://carinsuranceinmemphis.net/coventry-ranks-no-1-in-the-life-settlements-market-for-2021/ Fri, 17 Jun 2022 14:03:00 +0000 https://carinsuranceinmemphis.net/coventry-ranks-no-1-in-the-life-settlements-market-for-2021/ FORT WASHINGTON, Pa., June 17, 2022 /PRNewswire/ — Financial publication The Deal today announced that Coventry again ranked first in life insurance settlements by number and value in 2021. The league tables published by The Deal are a comprehensive review of secondary market life insurance settlement transactions. Coventry businesses have taken the top spot every […]]]>

FORT WASHINGTON, Pa., June 17, 2022 /PRNewswire/ — Financial publication The Deal today announced that Coventry again ranked first in life insurance settlements by number and value in 2021. The league tables published by The Deal are a comprehensive review of secondary market life insurance settlement transactions. Coventry businesses have taken the top spot every year since the rankings were first published in 2013.

Coventry First and its subsidiary, Life Equity, bought more than 1,400 policies in 2021, more than three times as many policies as its nearest competitor, and more than 45% of all life insurance settlement transactions in 2021. Coventry also topped the rankings by value and total investment, buying more than $1.4 billion in policies.

“The growth we’ve experienced is a testament to the talent of our team and reflects our commitment to helping seniors get more out of their life insurance,” said Reid BurgerCEO of Coventry.

Coventry is the leading purchaser of life assurance policies, as well as the largest provider of training for financial advisers and policy owners. As the premier life insurance settlement company, Coventry has the industry’s leading network of financial professionals and utilizes a streamlined transaction process and top-notch execution. Coventry is proud to offer innovative solutions that improve the lives of policyholders and their families.

About Coventry

Coventry is the leader and creator of the secondary life insurance market. For more than 20 years, we’ve been advancing the industry and expanding opportunities for life insurance policyowners. Coventry’s deep experience combined with a fierce commitment to consumer rights makes Coventry the undisputed market leader, a position we use to raise industry standards and expand consumer choice. To date, we have delivered over $5 billion policyholders who no longer need their policies. To find out more about Coventry, please visit Coventry.com.

SOURCECoventry

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UPC Insurance to sell portfolio of NFIP flood business to Wright Flood https://carinsuranceinmemphis.net/upc-insurance-to-sell-portfolio-of-nfip-flood-business-to-wright-flood/ Wed, 15 Jun 2022 14:17:18 +0000 https://carinsuranceinmemphis.net/upc-insurance-to-sell-portfolio-of-nfip-flood-business-to-wright-flood/ United Property & Casualty Insurance Company (UPC Insurance) has agreed to sell its portfolio of flood insurance policies to Wright National Flood Insurance Company, a leading provider of federal flood insurance. Under the agreement, Wright Flood will service, administer and issue flood coverage under the National Flood Insurance Program (NFIP) for policyholders and insurance agents. […]]]>

United Property & Casualty Insurance Company (UPC Insurance) has agreed to sell its portfolio of flood insurance policies to Wright National Flood Insurance Company, a leading provider of federal flood insurance.

Under the agreement, Wright Flood will service, administer and issue flood coverage under the National Flood Insurance Program (NFIP) for policyholders and insurance agents. ‘UPC Insurance.

The transaction is expected to close on June 20, 2022, subject to Federal Emergency Management Agency (FEMA) approval.

If the transaction closes on schedule, then beginning in the third quarter of 2022, Wright Flood will manage UPC Insurance’s NFIP investments.

Additionally, all new policies and renewals will be issued by Wright National Flood Insurance Company, which is AM’s highest rated for financial strength as A- (Excellent).

Tremor - The Modern Way to Place Reinsurance

Additionally, for retail agents accessing flood cover through UPC Insurance, there will be little change to the process to continue providing NFIP cover to policyholders. Representatives of Wright Flood and UPC Insurance will be in contact with their agents.

Chris Griffith, Chief Information and Chief Operating Officer of UPC Insurance, said: “We are delighted to have reached an agreement with Wright for the sale of UPC Insurance’s portfolio of NFIP businesses. Wright’s excellent flood reputation and expert knowledge of the Write Your Own NFIP program will meet the dynamic needs of UPC Insurance’s NFIP policyholders and agents.

Patricia Templeton-Jones, president of Wright National Flood Insurance Services, added, “United Property and Casualty Company has been around since 1999 for its policyholders and agent partners. We are excited to continue this long history and provide our experience in the flood insurance industry to create a smooth transition during this process.

“Wright Flood has long been a leading provider of NFIP flood cover and private flood insurance options for homeowners and businesses. It dates back to 1983, when he was one of the first Write Your Own (“WYO”) participants in the National Flood Insurance Program. We have been diligent in keeping up to date with all updates with Risk Rating 2.0 and look forward to providing this information to our new agent partners and policyholders.

Printable, PDF and email version
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Velo & Vines ride in Healdsburg raises $185,000 for children in need https://carinsuranceinmemphis.net/velo-vines-ride-in-healdsburg-raises-185000-for-children-in-need/ Sat, 11 Jun 2022 22:32:18 +0000 https://carinsuranceinmemphis.net/velo-vines-ride-in-healdsburg-raises-185000-for-children-in-need/ Fifty-five runners covering 30- or 62-mile routes Saturday in Healdsburg raised $185,000 for children in need at the 8th annual Velo & Vines cycling event. The bike tour was organized to support the UnitedHealthcare Children’s Foundation. Since 2007, the foundation has provided grants to children across the country whose family insurance does not cover or […]]]>

Fifty-five runners covering 30- or 62-mile routes Saturday in Healdsburg raised $185,000 for children in need at the 8th annual Velo & Vines cycling event.

The bike tour was organized to support the UnitedHealthcare Children’s Foundation. Since 2007, the foundation has provided grants to children across the country whose family insurance does not cover or does not fully cover their medical expenses.

One of the recipients, Liam Luong, 7, of Santa Rosa, received a grant to fund surgery related to his diagnosis of pneumococcal pneumonia. He and his father, Tein, attended Saturday’s event.

“Liam is doing better,” said Matt Peterson, president of the foundation, who met with the Luongs on Saturday. “He’s just the cutest thing. Tiny. He will benefit from the money raised today.

Money raised on Saturday will be used to fund grants of $2,000 to $10,000 for children in Northern California. The foundation organizes events related to cycling, running, fishing and golf throughout the country. Many of those who rode Saturday were from other states, including Maryland, Michigan, Minnesota and Texas.

“Health care is very expensive, and in some cases people are giving up food or housing to pay for it,” Peterson said. “Grants are designed to be fast and flexible. They fill in the gaps. It’s a good time to come together and do good for others.

Grant applications are reviewed by a nurse for clinical effectiveness — to determine if the procedure is appropriate for the child — and a board based in various parts of the United States, he said. Candidates’ income must be validated. The grants have an approval rate of more than 90% and 8 out of 10 are covered by health insurance other than UnitedHealthcare, Peterson said. The foundation makes 3,000 grants a year in all 50 states.

Riders, who paid $100 to participate, were able to attend all-inclusive festivities after the ride and received a Velo & Vines 2022 t-shirt. Individual riders also raised funds, and those who raised more $1,000 was invited to a pre-race social event on Friday.

Grants are only available to those with commercial insurance coverage. Peterson said there are 150 million people covered by commercial insurance in the United States

Anyone interested in being considered for a grant can go to uhccf.org. According to the site, the foundation has awarded a total of $61.5 million in grants.

You can reach editor Kathleen Coates at kathleen.coates@pressdemocrat.com or 707-521-5209.

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When is Florida hurricane season in 2022? https://carinsuranceinmemphis.net/when-is-florida-hurricane-season-in-2022/ Fri, 10 Jun 2022 13:48:41 +0000 https://carinsuranceinmemphis.net/when-is-florida-hurricane-season-in-2022/ As a subtropical state, Florida is warm year-round, making it an ideal location for tourists looking to escape cooler climates. But while the state’s tropical climate and coastal regions attract vacationers and residents alike, they also put the state at high risk for hurricanes. While residents of inland Florida are not as likely to face […]]]>

As a subtropical state, Florida is warm year-round, making it an ideal location for tourists looking to escape cooler climates. But while the state’s tropical climate and coastal regions attract vacationers and residents alike, they also put the state at high risk for hurricanes. While residents of inland Florida are not as likely to face destruction from hurricanes and tropical storms, Florida’s coastal regions are at high risk of hurricane damage each season.

But the state of Florida is not only at high risk of hurricane activity; it is the most at risk of any state in the nation. There have been 303 hurricanes that have made landfall in the United States since 1851, and 120 of those storms hit Florida. While not all hurricanes that hit the coastline cause extensive damage, the risk these storms pose to Florida homeowners’ properties is real. So, residents of Florida’s high-risk coastal areas may want to prepare for hurricane season. If you’re wondering when Florida’s 2022 hurricane season will be, or how you can prepare for it, here’s what you need to know.

When is Florida hurricane season in 2022?

Florida’s official hurricane season runs from June 1 through November 30, just like the rest of the country. The peak months of hurricane season typically run from August through October, with most storms historically occurring during these months.

According to the National Oceanic and Atmospheric Administration (NOAA), 96% of major hurricane days occur from August to October. However, mid-September is usually more active when it comes to tropical storms.

Common Types of Hurricane Damage

Hurricanes can cause certain types of damage to your home, which may require major repairs.

For example, when a hurricane makes landfall, the average sustained wind speed typically ranges from 100 to 150 mph. With stronger storms, winds can exceed 200 mph. This means that if your home is in the path of the hurricane, wind damage is likely. Structural damage, such as damage to your roof or siding, is also common.

Hurricanes can also cause severe flooding from storm surges or heavy rains before they even make landfall. This, in turn, can cause significant damage to the interior and exterior of your home, or even result in the total loss of your home.

Due to the widespread flooding that hurricanes can cause, these types of floods have an average cost of about $4.7 billion per event, according to NOAA. Severe storms, such as hurricanes, have an average cost of $2.3 billion per event and are the most common type of disaster.

How to prepare your home for a hurricane

If you’re a Florida-based homeowner, you might be wondering how much you need to do to prepare your home for a hurricane. To help protect your home or business from damage that can be caused by hurricanes, it is important to take certain precautions.

For example, you may choose to replace old or worn roofing materials with something stronger. Or, you can choose to repair or replace windows, which tend to break in extreme weather conditions. You might also consider attaching your roof to the structure of your home, especially if you live in an area prone to high winds.

Here are some helpful tips to prepare your home for a hurricane:

Know the hurricane season

NOAA has a hurricane season from June 1 through November 30 in the eastern Pacific Ocean, Caribbean Sea, and Atlantic Ocean. You need to know what the season is to understand when you are most at risk of having a hurricane.

Know the five hurricane risk factors

According to NOAA, there are five hurricane risk factors: storm surge, inland flooding, tornadoes, rip currents, and high winds. Knowing what factors contribute to your home’s risk is essential to preparing your home for a hurricane.

Know your risk

There are dozens of factors that can influence your risk during a hurricane. NOAA publishes a hurricane risk analysis for each county, which you can use to determine what might be the greatest threat to your area.

Know your insurance policy

Your home insurance policy is one of the most important protections you have during a hurricane. It can help provide you with financial coverage if your home is damaged or destroyed in a covered event. However, flood insurance is usually purchased as a separate policy, so you need to make sure you have this coverage, along with the right type and amount of other coverage, before hurricane season.

Check your roof

A hurricane can damage a roof and make the structure much more vulnerable. A damaged roof can cause water damage to your home, even if it’s not a direct hit. A sagging or missing shingle or rafter, a blocked gutter, or even a loose chimney makes your home much more susceptible to damage, so take the time to check your roof ahead of hurricane season, then make any necessary repairs.

Prepare your home for flooding

Although you cannot prevent a hurricane, you can prepare for flooding that may occur during or after the storm. If you live in a high hurricane risk area, you may want to consider raising your furniture and other belongings so that they are safer from flooding.

It may also be helpful to secure any loose objects outside the house and remove any plants or trees that are within 20 feet of your house. These can become hazards to your home during floods or high winds from storms. The Federal Emergency Management Agency (FEMA) also suggests checking with your water department to make sure you have access to clean water and that your filtration system is working.

Build a storm kit

A storm kit is a basic supply of food, water, and other necessary items you need on your journey to safety if you need to evacuate during a hurricane. FEMA recommends that you have at least a three-day supply of food and water, but you may need more if you have children or pets or if your home is in a rural area.

You should also keep your important documents, such as birth certificates, passports, bank statements and insurance information, in an easily accessible waterproof container in case you need to evacuate your home.

Frequently Asked Questions

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Types of Roof Damage Covered by Florida Home Insurance https://carinsuranceinmemphis.net/types-of-roof-damage-covered-by-florida-home-insurance/ Wed, 08 Jun 2022 13:43:56 +0000 https://carinsuranceinmemphis.net/types-of-roof-damage-covered-by-florida-home-insurance/ Home insurance, in particular, will also not cover damage caused by floods or earthquakes, and this includes roof damage caused by such disasters. Roof damage is very expensive to repair, and anyone living in Florida should be well aware of their roof damage insurance policy due to the frequency of storms in the area. Replacing […]]]>

Home insurance, in particular, will also not cover damage caused by floods or earthquakes, and this includes roof damage caused by such disasters.


Roof damage is very expensive to repair, and anyone living in Florida should be well aware of their roof damage insurance policy due to the frequency of storms in the area. Replacing a roof can cost a person tens of thousands of dollars, and most people don’t have the extra savings to cover those costs on their own.

The good news is that a person’s home insurance is likely to cover the cost of roof damage, but it must fall into a specific category. When a person buys home insurance, there is a housing coverage section that covers the structure of the house, and the roof is included in it. A person’s eligibility for roof damage coverage depends on the original cause of the damage. In most cases, if the roof has been suddenly damaged by wind, fire or hail, it is likely to be considered.

Even partial roof damage can be fully covered as it weakens the structure and reduces the overall life of the roof. If the roof has been partially damaged, but the insurer does not have access to the same repair materials, they can replace the entire roof with a different material. It is important to note that every insurance company has different opinions and values, and many insurers have changed their levels of coverage for issues such as hail damage to the roof.

Anyone concerned about their policy and the information the insurance company is giving them should contact an insurance attorney as soon as possible so they can get proper legal advice for their case.

What is not covered by home insurance for roof damage in Florida?

Photo by Gus Ruballo on Unsplash.

Some factors are not covered by most insurance plans. For example, if the roof is damaged due to lack of maintenance, this is not something that the company can take care of since the maintenance of his house is the responsibility of the owner.

Home insurance, in particular, will also not cover damage caused by floods or earthquakes, and this includes roof damage caused by such disasters. Anyone who lives in areas at high risk of such natural disasters should ensure that they have earthquake or flood insurance in place so that they can actually get the financial help when they need it most.

Regardless of the material the roof is made from or the extent of the damage sustained, compensation is likely available to help a person pay for the losses incurred. Individuals should be sure to contact a Shochet Law Group insurance attorney as soon as possible to ensure that they are not taken advantage of during the insurance claims process.

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