Insurance: An Increase In Necessity

September 7th, 2017 | Posted by admin in Uncategorized

Now more than ever, people are seeing a need for insurance amongst every industry. People are protecting their homes, their cars and their health due to the recent storm threats and affects. It’s becoming an indispensable need to have insurance for anything that can be affected by the unpredictable weather and this includes your upcoming events.

For many insurance companies especially home insurance – due to the increasing number of extreme weather events will impact real estate risk assessments well before an actual hurricane or flash flood touches anyone’s real estate. The insurance market will react to the potential for damage well before the actual damage happens; pricing out risk, in other words, may place homes “underwater” in mortgage terms. Getting insurance now, will reduce the cost of your payout and reduce your potential risk.

And the last decade has seen natural disasters occur at a rate that’s beginning to strain the government’s ability to pay for them. According to Insurance Journal, the government has spent $357 billion on disaster recovery in the last 10 years, and the number of billion-dollar disasters in 2016 was the second-highest on record. That’s why the U.S. Government Accountability Office rates climate change as one of the greatest financial risks facing the federal government.

With US Weather Insurance, we have the funds to cover your event as well as the appropriate weather evaluation. And unlike real estate insurance risk assessment, we will designate the closest approved recording station in the terms of the contract to forecast the weather. This is typically located near a major airport in your area and the historical data from this station is usually used for pricing your coverage. If an established weather recording station is too far away from your desired recording location then an independent weather observer or a forensic weather monitoring service may be used.

Being accurate and more importantly efficient is our number one goal. And protecting your health, home and event should be our customers number one goal as well. If you want more information about our insurance option, please give us a call at 888-882-5440 or email us at info@usweatherinsurance.com

 

 

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