Predictions are beginning to roll in for this year’s hurricane season, with some experts saying we’re in for an “approximately average” hurricane season.
And while “approximately average” may sound like cause for celebration, even the “slightly below average” 2015 Atlantic hurricane season produced 12 tropical cyclones, 11 named storms, four hurricanes and two major hurricanes. That means it’s important to prepare for the activity we’ll likely see this year.
This week marks National Hurricane Preparedness Week, when organizations and government entities start spreading the word about how consumers can protect themselves, their homes and their finances during hurricane season.
HouseLogic, the National Association of Realtors®’ website for homeowners, reminds readers that it might be wise to consider purchasing hurricane insurance. According to HouseLogic, prices for hurricane insurance can range from $300 for a modest home in a lower-risk area to $20,000 for a luxury home in high-risk areas, meaning it pays to get educated and shop around.
It’s also important to remember that flood damage resulting from a hurricane may not be covered under a hurricane policy, and separate flood insurance may be advisable (or even required).
The Department of Homeland security, which oversees the Federal Emergency Management Agency, recommends that homeowners call their insurance provider for an “insurance check-up” to ensure they’re sufficiently covered in the event of flood or high wind that might require owners to repair or even replace their home.
HouseLogic also has great tips on how homeowners can protect a roof, windows, doors and other home features in the event of a hurricane.
NAR President Tom Salomone said it’s important for homeowners to be ready in advance of a storm to protect their family and their home.
“For most families, their home is their most valuable asset,” said Salomone. “No one wants to find out after a storm that they don’t have sufficient coverage to meet their needs, and even more important is taking the steps to protect your family so everyone stays safe.”
“It just makes good sense, and a little preparation goes a long way,” said Salomone.
NAR strongly supports the National Flood Insurance Program as a tool to help protect homeowners and ensure access to affordable flood insurance. With a September 2017 deadline to extend the program looming, NAR is working with industry and elected leaders to extend and reform the program.
The Atlantic hurricane season runs from June 1 to November 30.
To get started, visit DHS’s Ready.Gov website. It contains a “hurricane toolkit” that’s full of resources for homeowners preparing for hurricane season. Then, read the National Weather Service’s Hurricane Preparedness Week website for its daily tips on preparedness.
You can view all of NAR’s Real Estate Story Ideas here or follow the RSS feed here.
Each month, NAR produces a few story ideas for the media, presenting timely topics accompanied with background information and facts related to the real estate market. These housing and real estate story ideas are designed to help media generate content for news stories, hopefully serving as a helpful resource to those in the media looking for stories or new angles.