Forbes Advisor’s Post

Gear up for hurricane season with these must-know insights! From crucial preparation tips to understanding insurance coverage, stay one step ahead of the storm. Check out the link for all the details you need to stay safe and secure. #priceramey

Day 2 of Hurricane Preparedness Week, today's theme is Prepare before Hurricane Season. Don't forget to check out the information from NOAA to be prepared for the season. https://lnkd.in/gF-AnKJ5

It's June 1 and you know what that means...it's officially hurricane season! And despite hurricane season happening every year, there are still a lot of misconceptions when it comes to hurricanes. Check out our latest blog post to learn what's true and false when it comes to hurricane preparedness and damage in commercial properties. Stay safe, stay vigilant, and most importantly stay prepared! https://hubs.li/Q02ygRqw0 #hurricaneseason #hurricanepreparedness #chooseCRC

Prepare Before Hurricane Season with this great article from NOAA: National Oceanic & Atmospheric Administration. #atlantichurricaneseason #insurance #riskmanagement https://lnkd.in/eW6AjrgB

It looks like we can count on at least one nasty storm this hurricane season 😫 but don't worry! We're here to make sure you're as prepared as possible 💪 Here's our trusty checklist for making sure both you and your property are ready for this storm season! ⭕ Turn on the notifications from your weather app 🔊 and don't ❌ ignore them ⭕ Don't neglect your landscaping! Trim that big ol' branch 🌳 , get that dead tree removed, take care of any potential hazards before it's too late ⭕ Ensure all your doors, windows, and gates can be securely closed to prevent as much unwanted damage as possible 🏡 ⭕ Put flashlights 🔦 , batteries 🔋 , and a charging pack for your electronics ⚡🔌 somewhere that you'll be able to find in the event of a power outage- think about making a storm kit with these items (and more!) ⭕ Don't be caught off-guard by storm damages, make sure that your insurance is up to date! 📅 Leave your preparedness tips and tricks in the comments! #propertymanagement #condominium #commercial #residential #apartmentbuildings #rental #rentalunit #rentalmanagement #commercialmanagement #condomanagement #projects #accounting #halifax #dartmouth #bedford #sackville #lowersackville #hrm #halifaxregionalmunicipality #novascotia #atlanticcanada #dartmouthbusiness #halifaxbusiness #local #housing #rentalhousing #condominium #condounit #afforablehousing #modularhousing #healthcareworkers #healthcarehousing #contactus #ipoans #hurricane #hurricaneseason #stormseason #nsstorms #nsweather #hurricanefiona #hurricanedorian #summerstorms #atlanticcanada

Hurricane season officially started this week. It begins on June 1st and goes through November 30th. Don’t put off your preparations; take time to prepare for the next storm. First, check your insurance to understand your coverage and ensure you have insurance in place. Your mortgage lender may have required flood insurance if you live in a high-risk area, but many in our area have been devastated by not having it in place. Also, flood insurance must be purchased well before a natural disaster, as there is a 30-day waiting period before your policy kicks in. Also, find out if you have wind-driven rain coverage insurance through your homeowners. These are both important coverages to understand. Next, avoid the panic and searching for out-of-stock items and make an emergency kit early. Here are a few ideas to include: - Batteries and a portable radio - Flashlights and batteries - Personal items, including medicine - Food and water for seven days - Pet food and necessities for seven days - One gallon of drinking water per day for each member of your family for seven days - Seven days of canned food - Cash, just in case - If you can, get a generator - A battery-controlled fan - Propane for your BBQ pit—only if you have an area outside that is covered and ventilated Make a plan and discuss it with your family: - At what point do you evacuate? - Where will you go if you decide to evacuate? - What route will you take? - How will you keep in touch with family and others? Stay aware of what's happening in your area. Knowing the best sites to hear about storms, rain levels, and weather patterns is crucial. 1. www.readyharris.org -- is an excellent source of information for evacuation maps and news 2. National Weather Service-- www.weather.gov/hgx 3. Houston Transtar-- www.houstontranstar.org 4. Center Point Energy--  CenterPoint Energy Outage Tracker When you hear a storm is heading our way, be sure to gas up your car, avoid undue excursions, and protect items outside that may fly around with wind gusts. More importantly, protect your pets and check in with your neighbors to see if anyone needs help before, during, and after the storm. The pros are predicting another above-average hurricane season in our area this year. While there’s not much we can do about the weather, we can take steps to safeguard our families’ pets, homes, and neighbors.

#Hurricane #Beryl, the earliest #Atlantic hurricane to reach Category 5 intensity, is an important early-season reminder that being prepared before the storm is more important than ever. Hurricanes can impact businesses, communities, and supply chains. Having an #insurance policy with simple coverage terms and quick payouts can significantly accelerate recovery efforts. If your business is exposed to hurricanes, our #parametric hurricane solution STORM pays out when a named windstorm meets or exceeds a certain wind speed at your location, and you incur losses. Learn more here: https://ow.ly/mjlL30sEZfy

For Grist, the great Matt Simon and I teamed up for a story exploring the complicated calculus of hurricane costs. If you've ever wondered just how the insurance industry and governments tally disaster damages, you should give it a read: https://lnkd.in/eBmwPT2i

#Hurricane #Beryl, the earliest #Atlantic hurricane to reach Category 5 intensity, is an important early-season reminder that being prepared before the storm is more important than ever. Hurricanes can impact businesses, communities, and supply chains. Having an #insurance policy with simple coverage terms and quick payouts can significantly accelerate recovery efforts. If your business is exposed to hurricanes, our #parametric hurricane solution STORM pays out when a named windstorm meets or exceeds a certain wind speed at your location, and you incur losses. Learn more here: https://ow.ly/s8ph30sELEw

🗞 "Even without a major landfalling U.S. #hurricane in 2023, the total level of global insured losses for the year still exceeded US$100 billion. Losses could reach new heights if we have another year of severe convective storm losses similar to 2023 plus an active hurricane season with multiple impactful U.S. landfalling events." 🌪 "Severe convective storm events benefit from the same sophisticated risk modeling as hurricanes and earthquakes, and this could help primary carriers to more effectively negotiate and structure reinsurance or insurance-linked securities (ILS) capital." Julie Serakos, CCRMP looks at what we learned from the nat cat events of 2023, and what lessons we can carry forward now in 2024, and the hurricane season ahead in an article in Insurance Journal. Read Julie's article in Insurance Journal here: https://lnkd.in/ehcQPeCj