Hurricane Claims

Hurricanes: Common, Costly, and Deadly in the US

Hurricanes constitute the most significant and consistent natural disaster threat to the United States, affecting primarily the Gulf states and Eastern Seaboard.  According to NOAA’s Office for Coastal Management, “Of the 363 billion-dollar weather disasters since 1980 (as of August 2023), tropical cyclones (or hurricanes) have caused the most damage: over $1.3 trillion total, with an average cost of $22.8 billion per event. They are also responsible for the highest number of deaths: 6,890 since 1980.”^[1]  Further, they account for 60% of billion dollar events since 1980.  Between strong winds, storm surge, sheer size, and unpredictability, these events have the potential to wreak havoc on infrastructure and be extremely dangerous and deadly for those residing in their path. 

Hurricane Stats Tell a Troubling Story

While many who live in areas most prone to hurricanes (Texas, Louisiana, Florida, Alabama) already subscribe to the idea that hurricanes of increasing intensity have become more frequent, the research seems to support this belief.  Some telling data points are;

• Since 1975 the number of category 4-5 cyclones has roughly doubled.^[2]
• 2020 set a new record for billion-dollar events, with 22, surpassing the previous record of 16 events in 2011 and 2017.^[3]
• Increases in average sea temperatures have led to more hurricanes rapidly intensifying as they approach land.
• Hurricane Irma (2017) was the strongest storm on record to exist in the Atlantic Ocean (outside of the Caribbean and Gulf of Mexico), with Maximum winds of 185mph.^[4]
• Florida is the fastest growing eastern state, and from 2020 to 2021, it experienced the second largest numeric growth of all states, after Texas.

Hurricane Claims: An Insurance Crisis

Insurance carriers have reacted to trends of both increased hurricane frequency and increasing population in areas prone to hurricanes in a multitude of ways, including insolvency and pulling out of those markets altogether.  More common however, has been the practice of amending policies to shift more of the financial burden of hurricane claims back on to the insured, and making it more difficult for insureds to recover on their insurance claims after sustaining a loss.  Florida has become a focal point for the hurricane insurance crisis, where consistent rate hikes, limited coverage for hurricane claims, and increasing exposure to hurricanes has put the system there on the verge of failure.  The sad truth is that policies are becoming more expensive and offering less coverage for hurricane damage claims.  Some of the most common policy amendments when it comes to hurricane claims are the following;

• Significantly higher “named storm” or hurricane deductibles. Usually a percentage of the total insured value of the property.
• Some standard policies do not cover hurricanes or windstorms, forcing insureds to purchase an additional policy.
• Flooding caused by hurricane storm surges are typically not covered as part of a hurricane claim. Flood Claims are covered by separate policies, issued privately or through the National Flood Insurance Program.
• Lower or amended sub limits for certain coverages when a Hurricane is the peril.
• Additional requirements for submission and presentation of the claim, as well as differing timelines for submission compared to other perils.

What is worse, oftentimes insureds are not equipped to handle their own claim in the aftermath of a hurricane, which can lead to a situation where they are not fully indemnified for their hurricane claim to the full extent of what their policy affords. The devastating nature of hurricanes usually leaves those worst impacted without power, displaced, and without access to critical resources necessary to advocate on their own behalf.  As hurricanes get more frequent, more severe, and more difficult to navigate claims on, it is as important as ever to seek professional assistance in reviewing and presenting a hurricane claim.

Contact Prime Adjustments if you are faced with an overwhelming claim in the aftermath of a hurricane.

When the relentless force of a hurricane wreaks havoc on your property, the path to recovery can seem daunting. At Prime Adjustments, we stand by your side as dedicated allies, guiding you through the intricate process of hurricane claims with unwavering expertise and empathy.

Simplifying the Hurricane Claim Process:

1. Immediate Response: In the aftermath of a hurricane, time is of the essence. Our rapid response team springs into action, assessing the extent of damage and initiating a comprehensive plan for your claim.
2. Thorough Documentation: Our meticulous experts document every facet of the destruction, from structural damage to personal belongings affected by the storm’s fury. This detailed documentation serves as the cornerstone of your claim’s strength.
3. Precise Damage Assessment: Our skilled adjusters conduct an in-depth analysis, scrutinizing both visible and hidden effects of the hurricane. This comprehensive assessment ensures that no aspect of your losses goes unnoticed.
4. Interpreting Insurance Coverage: We navigate the nuances of your insurance policy, identifying potential areas for coverage. Our extensive experience in handling hurricane claims allows us to leverage every available resource for your benefit.
5. Strategic Negotiation: Armed with comprehensive evidence, we engage in strategic negotiations with your insurance company. Our seasoned negotiators advocate relentlessly, seeking the optimal settlement that reflects the true scope of your losses.
6. Faster Resolution: While the complexities of hurricane claims can lead to delays, our proactive approach expedites the process. We strive for a swift resolution, enabling you to rebuild and regain normalcy without undue delay.

The Heart of Our Hurricane Claim Expertise:

At Prime Adjustments, we understand that a hurricane claim is not merely about financial compensation; it’s about rebuilding shattered lives and restoring a sense of security. Our commitment extends beyond the paperwork – we become your voice, your advocate, and your partner in this journey to recovery.

Empowering You Through Transparency:

Transparency is at the core of our hurricane claim process. We keep you informed every step of the way, ensuring you have a clear understanding of the progress and developments in your claim. Our open communication empowers you to make informed decisions and reinforces your confidence in our expertise.

Why Choose Us for Your Hurricane Claim:

• Expertise: Our Tampa public adjusters are comprised of seasoned professionals with extensive experience in handling hurricane claims. We understand the intricacies and challenges unique to these cases.
• Personalized Approach: We recognize that every hurricane claim is distinct. Our approach is tailored to your specific circumstances, ensuring a solution that meets your individual needs.
• Results-Driven: Our track record speaks for itself. We have secured substantial settlements for countless clients, enabling them to rebuild their lives after the storm.
• Compassion: We empathize with the emotional toll a hurricane can take. Our compassionate team provides not only technical expertise but also emotional support throughout the process.

Reclaiming Stability After the Storm:

At Prime Adjustments, we don’t just handle hurricane claims; we empower you to reclaim stability and embark on a journey of renewal. Let us be your guiding light in the aftermath of a hurricane, as we navigate the complexities, advocate on your behalf, and secure the compensation you rightfully deserve. Your hurricane claim is not just a transaction to us; it’s a testament to our unwavering commitment to your recovery.

^[1]https://coast.noaa.gov/states/fast-facts/hurricane-costs.html#:~:text=Tropical%20Cyclones:%20The%20Highest%20Costs,of%20deaths:%206%2C890%20since%201980.

^[2] https://www.woodwellclimate.org/how-climate-change-is-affecting-hurricanes/

^[3]https://coast.noaa.gov/states/fast-facts/hurricane-costs.html#:~:text=Tropical%20Cyclones:%20The%20Highest%20Costs,of%20deaths:%206%2C890%20since%201980.

^[4] https://coast.noaa.gov/states/fast-facts/hurricane-costs.html#:~:text=Tropical%20Cyclones:%20The%20Highest%20Costs,of%20deaths:%206%2C890%20since%201980.