In Florida, hurricanes are a matter of "when" not "if." As such, it is critical for any homeowner to purchase adequate property insurance to protect their home, business, and other real estate properties. Furthermore, small businesses experience the double blow of dealing with the hurricane and the downturn in business afterward. Property insurance can help you weather these storms but only if the insurer enforces your policy. This post will go over the issues that can arise after a hurricane.
When hurricanes make landfall, they usually bring with them high winds and high water levels. The forces that combine to result in powerful weather systems can spell doom for homeowners. With the arrival of Hurricane Matthew, many people are taking a closer look at their insurance policies. Unfortunately, many people are also discovering that their homeowner's insurance does not cover as much as they had hoped it would.
Insurance companies depend on a simple business model; they need to take in more premiums than they pay out to their clients. This provides two incentives. First, insurance companies try to pick up as many paying customers as possible. Second, insurance companies minimize the amount and how often they pay out insurance claims.