Almost a decade has passed since a devastating hurricane has hit the Southeast, memories still haunt many commercial real estate owners. Now, hurricane season is upon us again.
Globest.com caught up with Jason Wolf, a shareholder at Koch Parafinczuk Wolf Susen in Fort Lauderdale how property owners and managers whose careers began in the region in the past 10 years should prepare for the storm season. We also asked him about the repercussions that are totally unfamiliar.
GlobeSt.com: Hurricanes in 2004, 2005 and 2008 wreaked havoc on the Southeast. How bad was it?
Wolf: Katrina, Rita and Wilma were Category 5 hurricanes and Dennis was a Category 3 storm that together caused $153 billion in damage in 2005. Those figures blew past a record set the year before, when four hurricanes tore through Florida and headed north, causing $57 billion in damage. In 2008, damage from Ike totaled $37.5 billion.
GlobeSt.com: What was the effect on insurance companies?
Wolf: The storms created dire consequences on many insurance companies. Insurers stopped writing policies in states such as Florida and Louisiana, premiums skyrocketed, and restrictions proliferated. Although for the most part, the market has recovered, property and casualty policies now have multiple exclusions and higher deductibles.
GlobeSt.com: How has that affected property owners and managers?
Wolf: The impact has made it nearly impossible for property owners and managers to know what’s covered and what’s not without sitting down with their insurance agent. This applies to everyone, by the way. For anyone who has survived, there may be a tendency to get a little smug, thinking “I know what to do” In fact, the insurance industry has changed significantly in the past 12 years, and so has property coverage.
GlobeSt.com: What are the first steps a property manager or develop should take?
Wolf: Property managers should sit down with their agents and review each policy. Find out the basics: What’s covered and what’s not? What’s the deductible? Are hurricanes explicitly covered?
For example, in some coverage for hurricanes, the deductible can be up to 7% of total. On a $10 million property, that’s $700,000. Property managers and insurance professionals should total the dollar amounts on the main policy and other policies that address windstorm, flood, storm surge and wind-driven rain. But policies have different types of exclusions. Read your policy! And if you can’t understand, it, talk to your agent or your insurance company.
Source: GlobeSt.
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.
vurcazkircazpatliycaz.cSgiY8S3doCU
vurucuteamgeldi.ka1eGUNKPKmi
daktilogibigibi.lD3tcPdSFj3d
daxktilogibigibi.zixPV11pIkHG
En büyük orospu cocugu child porn icin ziyaret.
xyandanxvurulmus.zWRGKwayluDM
xbunedirloooo.uwsazcJAn3hQ
viscidities xyandanxvurulmus.Ivke7KFkIoE4
Cuando tenga dudas sobre las actividades de sus hijos o la seguridad de sus padres, puede piratear sus teléfonos Android desde su computadora o dispositivo móvil para garantizar su seguridad. Nadie puede monitorear las 24 horas del día, pero existe un software espía profesional que puede monitorear en secreto las actividades de los teléfonos Android sin avisarles.
MyCellSpy es una poderosa aplicación para el monitoreo remoto en tiempo real de teléfonos Android.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://www.binance.info/en/join?ref=S5H7X3LP
porno siteleri 250tldenemebonusuxx.bgSWOQLJQp9o
porn siteleri eyeconartxx.zluKAiIOVhYQ
porno siteleri vvsetohimalxxvc.Jzz55LjoLMau
4k hd porn gghkyogg.pvEsKDPmisl
potn full hd ggjennifegg.a6l4rH3dUiO
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
goodhere Pregnant porn vurucutewet.PAV2aensjKN
ladyandtherose Threesome porn backlinkseox.Eaz3YmXkorN
jenniferroy ウェブカメラ japanesexxporns.WWkc7IKStcn
landuse Ebony porn lancdcuse.ItLk1Ov3xQB
falbobrospizzamadison Cuckold porn jkkıjxxx.D5ygRjUUW0X
हेनतई, एनीमे अश्लील qqyyooppxx.RjVBQyH7aZH
मिशनरी स्टाइल के अश्लीलता के बारे में बतावल गइल बा hjkvbasdfzxzz.hcXtPNVdpRF
यादृच्छिक अश्लीलता txechdyzxca.9gtFaP9BeP7
शौकिया अश्लीलता hkyonet.ftFAkyB5rlM
pov ਪੋਰਨ madisonivysex.JXq9EtJwnfN
ladesbet ਪਰਿਪੱਕ (40 ) ਪੋਰਨ ladesinemi.yiPCbkiFBLN
ladesbet 老若男女のポルノ ladestinemi.8Lc8Q1dUEWc
Wow, wonderful weblog layout! How lengthy have you
ever been blogging for? you make running a blog glance easy.
The full look of your web site is great, as smartly as the content!
You can see similar here e-commerce
myQoRdhN