Hurricane season is upon us and weather experts are predicting a slightly lower than average hurricane season this year. Unfortunately, that doesn’t mean that the dangers of potential storm damage are negligible.
According to the annual Storm Surge report released on June 5th by CoreLogic, roughly 7 million coastal homes along the Atlantic and Gulf coast worth over a trillion dollars are at risk. CoreLogic estimates reconstruction cost for this year will go up almost 7 percent from last year.
Once a tropical storm or hurricane watch/warning is issued, insurance companies will not allow homeowners to add additional coverage. So instead of checking your coverage in the midst of a storm, make sure you and your home are protected beforehand.
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