NEW YORK, June 3, 2013 /PRNewswire-USNewswire/ -- The Atlantic hurricane season officially gets underway on June 1 and is expected to bring with it an above average number of hurricanes this year, so it is more important than ever that consumers be prepared, according to the Insurance Information Institute (I.I.I.).
The National Oceanic and Atmospheric Administration (NOAA) forecasts an active season with 13 to 20 named storms. Seven to 11 of those storms could develop into Category 1 or higher hurricanes. As many as three to six of the storms could potentially become Category 3 or higher.
Wind damage from both tropical storms and hurricanes is covered under standard homeowners, renters and business insurance policies. Flood damage resulting from storm surge caused by hurricanes, is excluded under standard policies; however flood coverage is available from the National Flood Insurance Program (NFIP) and from a few private insurance companies.
Damage to cars from hurricanes is covered under the optional comprehensive portion of an auto insurance policy. This includes wind damage, flooding and even falling objects such as tree limbs. More than 75 percent of all Americans choose to purchase comprehensive auto coverage.
The I.I.I. has experts who can provide information on the economic effects of hurricanes as well as provide consumer-related information.
The following hurricane-related online resources are also available to reporters.
RESEARCH AND ANALYSIS
- Issues Update: Catastrophes - Insurance Issues
- Issues Update: Hurricane and Windstorm Deductibles
- Issues Update: Flood Insurance
- White Paper: Residual Market Property Plans - From Markets of Last Resort to Markets of First Choice
FACTS AND STATISTICS
- Making Your Home More Hurricane-Resistant: Five Steps
- Are You Underinsured?
- Don't Be a Dummy About Flood Insurance
- Filing a Homeowners Insurance Claim: Six Steps
- Disaster Planning with Pets
- Home Inventory Software
The I.I.I.'s free mobile apps can help you create a disaster plan, learn about selecting the right insurance for your needs and budget, and create and maintain a home inventory. Learn more about our suite of apps here.
The I.I.I. has a full library of educational videos on its YouTube Channel.
THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
SOURCE Insurance Information Institute