The news in the United States has recently been flooded with information about the next big storm that’s set to hit the southeast coast: Hurricane Dorian. While multiple states expect to be affected by the storm, Florida is set to take the brunt of it. Is Florida and the rest of the southeast coast equipped to handle storms of this magnitude?
The southeast coast, and Florida in particular, is no stranger to intense storms. The hurricane seasons over the last few years have continuously set records when it comes to the severity of storms. Hurricane Dorian looks to be no exception.
The Florida Office of Insurance Regulation tweeted out Dorian updates last week. “OIR’s Incident Management Team is fully activated and preparing for #HurricaneDorian…We will staff the Emergency Operations Center and stand prepared to support [Governor Ron DeSantis], @FLSERT [Florida Division of Emergency Management], and the State of Florida as we prepare for and respond to this storm.”
Dorian has been upgraded to a category 5, which means that experts expect winds to get upwards of 180 MPH. As a result, the Florida governor has declared a state of emergency across all 67 counties in Florida.
Florida Governor DeStantis released a statementing saying that, “All residents, especially those along the east coast, need to be prepared for possible impacts. As it increases strength, this storm has the potential to severely damage homes, businesses and buildings, which is why all Floridians should remain vigilant. Do not wait until it is too late to make a plan,”.
These warnings are becoming practiced and commonplace for people who live in places like Florida. Is that enough, though? Is the U.S. truly prepared for storms of this magnitude, or are we just stuck in a cycle of reaction?
The reality is that while evacuation plans, and government-mandated emergency services can help during an event, these storms are creating repercussions that are reverberating throughout the nation. Naturally, one of the industries that is going to be the most affected by the proliferation of severe weather events, is the insurance one.
CoreLogic, a renowned catastrophe modeling company, has said that they expect roughly $144.6 billion of reconstruction value is at risk from Dorian.
“Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore,” a Corelogic representative told the Insurance Journal.
From a physical safety perspective, the U.S. knows how to respond to these storms. Individuals need to get better at understanding that if you live somewhere like Florida, you will experience a severe weather event. Knowing that, it’s essential that you take the time to get the insurance policies that will protect your fiscally, if you suffer losses as a result of weather. Flood insurance is probably the best example of this.
If you want to learn more about your current policies, and figure out your options when it comes to getting entirely new policies, reach out to TGS Insurance. The TGS staff are experts in their field and will always work with you to find the right policy for your lifestyle. Visit www.tgsinsurance.com to learn more. You can’t control the weather, you can control your insurance policies.