Hurricane Protection and Insurance

1 Sep

Well, we all know that no matter which insurance company we talk about, they are all in the insurance business to make a profit for themselves and/or their stockholders. I personally think it is a legal form of discrimination and I’ll tell you why. If I were a landlord and used an insurance company form as my rental application, I would be sued in court 10 times over. If I used it as an employment application, the same thing would happen. I guess you can do things like that when you have as much power in D.C. as the insurance industry lobby.

Now that the insurance companies have pushed legislation through that gives them the power to dictate and mandate homeowner coverage (gee, I wonder when that is going to stop), there is a lot of hoopla going on in today’s marketplace for aftermarket hurricane protection. One of these days, I should get a bunch of insurance big-wigs together and show them a live large missile impact demonstration of Evolution Hurricane Shutters. If they’re smart they won’t show up. How could they witness something like that and not deem it great hurricane protection?

One concept that you can take to the bank is that there will be big changes made concerning homeowners insurance. It won’t be long before the phrase “I don’t bother with hurricane protection – that’s why I pay for insurance. When it blows away, they’ll just have to replace it,” will get you “zippo” for a insurance payout.

Although it might be possible in 2015 to buy homeowners insurance without having hurricane protection in place, you had best get your wallet out. My prediction is that it will cost you no less than 4 times what you are paying now. I’m not saying that your policy will cost 4 times more, I’m saying that the “wind damage” portion of your coverage will be 4 times higher than it is in 2012 if you have no hurricane rated protection in place. And if you have hurricane shutters in your garage but don’t bother to put them up, you can forget about your claim being paid if you happen to incur wind damage. It’s like your wife trying to collect on your life insurance when you were shot and killed while robbing a bank – not gonna’ happen!!

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Here are some of the points I’ll try to address in my next post:

How does one decide which one is best for their home, church or business?

Why should I have to get hurricane protection and which ones will my insurance company recognize?

What if I don’t get any hurricane protection?

Is it possible to make my struct5ure so hurricane prepared that my rates will go down?

What about my mobile or manufactured home?

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