The 2022 Atlantic hurricane season (officially beginning June 1), is predicted to be another active one calling for 19 named storms. This increase continues the trends from 2020 and 2021 of above average activity. If your investor clients own Atlantic coastal properties, now is the critical time to be sure they have the appropriate coverage they need should one or more of these forecasted storms strike.
Every year, tornadoes and severe storms sweep across much of the nation. Mother Nature can’t be stopped, but there are steps that real estate investors can, and in some cases must take so that insurance coverage is not voided after a loss occurs. Investors should be reminded to heed these tips to prevent bad from turning into worse.