So true...When Iniki hit the islands in 1992, the homeowners insurance
skyrocketed here. In fact, several insurance companies went bankrupt
because they couldn't cover the insurance claims from the storm damage.
As a result, hurricane damage was taken out of most homeowners insurance
in Hawaii and made a separate "rider" to most plans.
Yes, the mess has just begun as you will need to file your damage
claims...
Hope all is well!
Brian
-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On
Behalf Of John Phillips
Sent: Tuesday, October 30, 2012 6:47 AM
To: [log in to unmask]
Subject: Re: Storming in Pennsylvania
We certainly hope everyone is getting through this safely and OK.
However, I can tell you something to watch for in about a year - your
homeowners insurance may go up - a lot. Why? Re: "Lots of Roof damage".
Here in Tennessee we had a massive hail storm about a year ago. Huge
hail stones destroyed roofs and cars throughout the Southeast. All
vehicles exposed to the weather had big dents or broken windshields.
Auto dealers were hit really hard and had hail damage sales afterward.
You could see
$50,000 cars and up driving around like someone had attacked them with a
hammer. And roofs were massacred. So the insurance companies all paid
out big time. Almost everyone got a quick estimate and a new roof. For
months all you could hear as you drove around was hammering on roof
tops.
Then earlier this year my homeowners insurance jumped about 50%. I
called to ask why. The answer - "Our rates had to go up because of all
of the roof damage and other insurance claims." Really? I thought they
were supposed to take a loss during such calamities, since it is not the
homeowners fault.
What have we been paying for all of those 20 plus previous years with no
claims!
Well, in summary, I threatened to switch both auto and home and they
realized that some money was better than none. I ended up getting
serious reductions in both auto and home rates to even lower than what I
was originally paying. Get ready to document your damages with good
records and be very assertive!
John
***************************
John Phillips
Information Technology Decisions
www.infotechdecisions.net
-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On
Behalf Of Hugh Smith
Sent: Tuesday, October 30, 2012 11:57 AM
To: [log in to unmask]
Subject: Storming in Pennsylvania
Lots of trees down here in Pennsylvania. The rain made the big ones
easy to topple. Lots of roof damage. This will be an expensive storm
for NYC to clean up from. Out here in rural area we count our
blessings.
Power will be out for a while. My wife hates that. It certainly limits
my on line time.
I worry about that snow they predicted but so far I can't tell if that
happened. Even when you escape the worst you feel bad for those who did
not.
Hugh Smith
FIRELOCK Fireproof Modular Vaults
[log in to unmask]
(610) 756-4440 Fax (610) 756-4134
WWW.FIRELOCK.COM
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