Video #1: Replacement Cost v Actual Cash Value
Video #2: Does RC violate the Indemnification Rule?
Video #3: What if insured decides not to rebuild or replace?
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We're only two months into the 6-month long hurricane season and we've already had 9 named storms with 2 of them becoming hurricanes. It's the fastest start to a hurricane season on record. Unfortunately, it's not going to slow down.
Our agency stands ready to help you prepare by offering a no-obligation review of your insurance coverage. Call or stop by our office today. Tomorrow might be too late.
Dr. Phil Klotzbach with Colorado State University updated his forecast today for the rest of the season. Including the activity that has already formed, he expects a total of 24 named storms, 12 of those becoming hurricanes and 5 of those becoming major hurricanes (category 3 or higher). If 24 names storms form, it would be the second busiest in 169 years of records. Only 2005 with 28 names storms had more.
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