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Reduced Insurance Rates

 

“As Hurricane Katrina demonstrated, U.S. insurers, governments and consumers are at enormous risk of escalating losses from hurricanes. This comes from a new report by insurance industry experts commissioned by Ceres, a national coalition of institutional investors and environmental organizations.” Environmental News Service, 9-13-2005

“Insurance as we know it, is threatened by a perfect storm of rising weather losses, rising global temperatures and more Americans living in harms way”. “Insurers and regulators have failed to adequately plan for these escalating weather events that scientists predict will intensify in years ahead due to warming global temperatures” Environmental News Service, 9-13-2005

Of the ten most costly WORLD insurance losses 1970 – 2006, seven of the ten were from hurricanes: Katrina, Andrew, Ivan, Wilma, Rita, Charley and Hugo. Five of these occurred within the past six years .

Insured loss ($ millions)
Rank
Date
Peril
Dollars when occured
In 2007 dollars (2)
1
Aug. 2005
Hurricane Katrina
$40,600
$41,910
2
Aug. 1992
Hurricane Andrew
$15,500
$22,272
3
Sept. 2001
World Trade
Center, Pentagon
terrorist attacks
$18,800
$21,401
4
Jan. 1994
Northridge, CA earthquake
$12,500
$17,004
5

Oct. 2005

Hurricane Wilma
$10,300
$10,632
6
Aug. 2004
Hurricane Charley
$7,475
$7,978
7
Sept. 2004
Hurricane Ivan
$7,110
$7,588
8
Sept. 1989
Hurricane Hugo
$4,195
$6,820
9
Sept. 2005
Hurricane Rita
$5,627
$5,809

10

Sept. 2004
Hurricane Frances
$4,595
$4,904

(1) Property coverage only.

(2) Adjusted to 2006 dollars by the Insurance Information Institute.

Source: ISO; Insurance Information Institute.

 

The uncertainty and fragile state of the insurance industry has left many homeowners concerned about the potential losses that will be difficult to recover if a hurricane should strike their communities. This uncertainty and the insurer’s lack of eagerness to pay claims makes it more important than ever to take control of protecting homes, families, and valuables from the dangers associated with hurricanes.

The Protector Series Impact Windows & Doors has been designed to provide the needed protection to assist in keeping a home or building in tact during a hurricane.

For a price that will be less than your hurricane insurance deductible, The Protector Series provides a homeowner protection that will greatly reduce damages, decrease the likelihood of policy cancellations, and in most cases reduce insurance premiums.

In addition to homeowner’s insurance, The Protector Series product line creates peace of mind knowing that if a hurricane should strike, the potential for major damage and destruction will be minimized and could possibly eliminate the need to even have an insurance claim.

 

 


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