A Record-breaking Year for Natural Disasters
Monday, February 6, 2012 at 2:21PM
2011 was a record-breaking year for natural disasters in the U.S. In Massachusetts, we experienced destructive weather events that began with a series of winter storms, causing ice dams to homes and numerous car accidents. In June, tornadoes hit western MA, and in late August, Hurricane Irene caused widespread flooding, wind damage and lengthy power outages. More recently, the Halloween snow storm caused power outages throughout central and northern MA.
How this affects you
The 2011 disasters affected large areas and caused the majority of companies to lose money. This means property insurance companies will be looking for rate hikes in 2012. You can ask your agent to shop your insurance, since some companies will raise rates more than others. You can also opt for a higher deductible to lower your rate. More importantly, you should take steps to protect your home. You can save with choosing a higher deductible or with the “no loss credit.”
Though it’s been a mild winter so far, who knows what 2012 will bring? Stay tuned with Murphy and Jordan this year as we share tips on how to keep your home, family, and assets safe.
Sara









