Many homeowners dream of owning a beach house. A relaxing and blissful place to get away with friends and family on a regular basis. While a coastal home is certainly an exciting venture, risks remain. One notable concern for homes on the coast is erosion. The long-term damage caused by coastal erosion can be difficult to see due to its slow, seeping nature. In this article, we explore the impacts of coastal erosion and the insurance options for homeowners looking to protect their beach houses.
Homeowner insurance policies provide protection from perils such as storms, fires, hail, and wind. Many homeowners, however, do not consider less prominent risks when making a decision about insurance coverage. Earthquakes and tsunamis are two examples of risks that do not happen often but could lead to significant damage. Does a homeowner's insurance policy cover earthquakes and tsunamis? In the below article, we answer this question and look closer at the risks posed by both tsunamis and earthquakes.
We are still about a month away from the end of the 2020 hurricane season. Yet, we've had several major storms that have wreaked havoc on the US. Some of the most affected areas were within the Atlantic, the Gulf of Mexico, and the Caribbean Sea. Hurricane season takes place between June 1, and November 30. 2020 has been a serious and record-breaking year for the frequency of storms, however, this is the first in four years that we have not seen a category five hurricane develop.
Clіmаtе еngіnееrіng, also knоwn аѕ gеоеngіnееrіng, has been the subject of many futuristic stories. Climate engineering encompasses a dіvеrѕе, аnd mostly hypothetical, аrrау of tесhnоlоgіеѕ аnd tесhnіԛuеѕ fоr іntеntіоnаllу mаnірulаtіng thе global climate.
Wildfires are devastating. Recent news indicated that a fire burning in Northern California is now the largest in the state’s history. In fact, a September 10, 2020 quote from Cal Fire via Twitter said, “The 2020 fire season has been record-breaking, in not only the total amount of acres burned at just over 3 million but also 6 of the top 20 largest wildfires in California history have occurred this year.” This is not good news for insurance adjusters, claim managers, or frankly anyone leading an insurance company.