Hurricane insurance

This year has shown that many people living inside everything is like a tropical storm or hurricane coming their way. So far it has mostly been living on the coasts people have had the pleasure of seeing a hurricane dismantles its cities. Now people living in the mountains of Vermont are learning to live with the consequences. They range from simple repairs to roads and picturesque wooden bridges horrible task of trying to find the bodies were washed cemeteries. After Katrina, there was considerable hysteria, not only people living on the coast were forced ultimately to face the reality of the wrath of nature. Furthermore, there was panic in the security consul. Although there were no hurricanes and storms on a regular basis, these companies have managed to maintain profitability. But if the allegations of the magnitude observed in the Mississippi had been more frequent, they will all be destroyed. The result has been observed in two very different changes. The first is to fight a higher percentage of claims. In fact, many have criticized the ethics that some insurance companies pay the insurance premium adjustment to avoid paying claims or accept lower compensation. Another change was a policy that many words have been completely rewritten to exclude or limit the claims that you can do. The first clear sign of the definition of a franchise. Most insurance companies can rely on a fixed amount. This has moved to require the insured to pay a portion of the value of your home insurance deductible. The percentages range from 1-5%. So if you have a small value of the house, you may find yourself having to pay a higher percentage. High value, owners can "only" pay 1 or 2% of each claim. Clearly insurers have not accepted the terms and conditions standard to perform on the street, every house has a different deductible, depending on what the insurance company writes policies. 6:00 Do you allow insurers to change the definition of the franchise, depending on the whether? This leads to a higher deductible for hurricanes and other storms. So the big question is how to define the hurricane. Sorry, no deal. Some insurance companies wait until the storm is named after the National Hurricane Center, and other instructions are different depending on the amount of precipitation and / or wind. In the same region, it can lead to franchises and different approaches to decide weather to except the charges. To solve this problem and some of Insurance Commissioners adapted new rules. In Connecticut, no insurer may charge a higher deductible, if the wind exceeds 74 mph consistently over a specific period. In states where similar rules were introduced that insurers have responded by requiring that the insurer pays out of pocket expenses. As profit from insurance are under pressure, they turn to other means to recover their profits. It's a vicious circle, unless the Insurance Commissioners step towards more powerful, the insurance becomes prohibitive when hurricanes are in the wind