Hurricane Irene came and went and left behind much flooding and damage but the end of Irene does not mark the end of hurricane season.
Hurricane season is still in full effect, the Insurance Information Institute (I.I.I.) warned in a recent report, reminding U.S. residents that the threat of hurricanes and tropical storms is still active until the end of November.
In fact, the I.I.I. said, more than half (six of the ten) of the most expensive hurricanes in the U.S. (on an insurance level) actually occurred in the months of September and October.
In the report, the I.I.I. offered tips to help homeowners, business owners and consumers prepare for the next tropical storm and or hurricane, including the universal tip to always have a solid emergency and/or evacuation plan in place ahead of time.
“Those who take the time to prepare for a disaster are in the best position to survive a catastrophe and recover as quickly as possible,” Jeanne M. Salvatore, senior vice president and consumer spokesperson for the I.I.I., said in a statement.
In addition, the I.I.I. warned to not underestimate the risk of flooding and to understand the insurance implications of flooding, as most standard home insurance and business insurance policies do not cover flood damage from storms. Instead, business owners and homeowners may have to obtain a separate flood insurance policy from the National Flood Insurance Program (NFIP).
If you do have hurricane insurance, it’s important to know your deductible and understand the details of your coverage before a storm hits, the I.I.I. said. And, as is the case with most types of insurance, having an up-to-date, detailed inventory is of the utmost importance.