Category: Weather
- Categories: Weather
In a world where risk landscapes are evolving faster than ever, parametric insurance has emerged and is quickly becoming a cutting-edge solution. Unlike traditional insurance, which depends on assessing damages after an event occurs, parametric insurance offers a more agile approach, with payouts triggered by predefined parameters. With the increasing need for innovative solutions due … <a title="Understanding Parametric Insurance: What It Is, Why We Need It, and Its Rising...
- Categories: American Heritage, Weather
When a natural catastrophe hits a community, there can be significant long-term impacts. When a large portion of the local population leaves the area during the rebuild process, local economies struggle, contributing to job displacement and the destruction of real estate and other assets. And even after reconstruction efforts are completed, the financial and social … <a title="2021 Natural Catastrophe Losses From Major Events Reached $56.92B – Here’s Why" class="read-more"...
- Categories: American Heritage, Weather
In the aftermath of a storm, the roof may not be the most appealing place to venture, but it’s integral it be inspected quickly for damage. Even when the weather is fair, it’s important to regularly monitor the state of your roof in order to provide proper maintenance and prevent unnecessary loss. This type of inspection is costly in … <a title="Roof Inspection Tech Could Speed Claims Process, Prevent Loss"...
- Categories: American Heritage, Weather
Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years. According to the 2021 LexisNexis Home Trends Report, the loss cost in 2020 also increased across all perils by 6% year-over-year, following the upward trend that the report says will likely … <a title="For Home Insurers, Weather Proves More Costly While COVID Measures Lower...
- Categories: American Heritage, Boat, Toys, Weather
As an experienced boater, you probably know a thing or two about boat-insurance policies. For instance, when buying boat insurance, you’d likely ask whether the policy pays the agreed value or the actual cash value of the boat. Also, you may know about a trend similar to auto insurance in which boat insurers now offer … <a title="Tips for Buying Boat Insurance" class="read-more" href="https://americanheritageins.com/tips-for-buying-boat-insurance/" aria-label="Read more about Tips for Buying...
- Categories: American Heritage, Weather
US solar developers are bearing the brunt of climate change as more frequent extreme weather events hike insurance costs. Hail storms, tornados and wildfires have pushed up insurance premiums for solar projects, impacted the scope of policies and reduced availability. Property and casualty insurance premiums for solar plants have increased by as much as 400% … <a title="Soaring US Solar Insurance Costs Turn Spotlight on Site Protection" class="read-more" href="https://americanheritageins.com/soaring-us-solar-insurance-costs-turn-spotlight-on-site-protection/" aria-label="Read...
- Categories: American Heritage, Flood, Weather
This year has been a standout year for all the wrong reasons, including its devastating natural disasters. Wildfires have ravaged the western U.S., and tropical cyclones have popped up left and right, with several causing significant damage to coastal areas. Though they are called natural disasters, the toll they take comes in part from human … <a title="A Running List of Record-Breaking Natural Disasters in 2020" class="read-more" href="https://americanheritageins.com/a-running-list-of-record-breaking-natural-disasters-in-2020/" aria-label="Read more...
- Categories: American Heritage, Flood, Home, Weather
The deadly winter storms that descended on Texas in early 2021, following a summer of record-setting wildfires in California, have reminded many Americans of the importance of homeowners insurance. Here is some advice on how to protect yourself-from a major disaster or an everyday one. Risk From Natural Catastrophes is Increasing Many parts of the … <a title="Homeowners Coverage in the Age of Catastrophic Weather Patterns" class="read-more" href="https://americanheritageins.com/homeowners-coverage-in-the-age-of-catastrophic-weather-patterns/" aria-label="Read more...
- Categories: American Heritage, Flood, Home, Weather
Climate change can be a hot topic these days, but regardless of one’s views on the subject, scientists have taken an interest in how it might affect the intensity or possibility of future weather-related events. Natural disasters – whether predicted or not – expose the susceptibility and risks of our home and communities. According to … <a title="How to Protect Your Home From Extreme Weather" class="read-more" href="https://americanheritageins.com/how-to-protect-your-home-from-extreme-weather/" aria-label="Read more about...
- Categories: American Heritage, Flood, Home, Weather
Weather-related home insurance claims can be a whole separate ball game from other home claims. “Weather losses are always more complicated because you’ve got thousands of people experiencing losses at the same time. These events are taxing on the entire community, whereas if you have one loss, such as a water main break in your … <a title="10 Facts You Should Know About Weather-Related Home Insurance Claims" class="read-more" href="https://americanheritageins.com/10-facts-you-should-know-about-weather-related-home-insurance-claims/" aria-label="Read...