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Lessons Learned from Hurricanes and Flooding


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Adam Leitman Bailey discusses the lessons learned form hurricanes and flooding for property insurance and property damage claims.

Published in: Real Estate
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Lessons Learned from Hurricanes and Flooding

  1. 1. Lessons Learned from Hurricanes & Flooding: Property Insurance & Making Property Damage Claims
  2. 2. Hurricanes: An Overview
  3. 3. • Account for 2.6% of total recorded natural disaster loss events in U.S. from 2005-2014 • Account for 51% of estimated insured losses 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Total Recorded Natural Disaster Loss Events: 2005-2014 Estimated Insured Losses (all events): 2005-2014 Hurricanes All other natural disasters
  4. 4. Before Landfall: Preparation In addition to securing property, KEEP COPIES OF ALL IMPORTANT RECORDS!
  5. 5. During Landfall: The Onslaught BUSINESS INTERRUPTION INSURANCE: the “Sliver by the River” Example: Mid-City
  6. 6. The Aftermath: When the Waters Recede Notice Periods – to Rebuild, or not to Rebuild? Examples of Shopping Centers flooded by Katrina