Volume I          Bulletin #1 

Beginning June 1, we enter Hurricane Season.  The season ends November 30.  During this period, should you need insurance, either a new policy or increases in property limits on an existing policy, be aware that it is possible for you to be refused by your agent or insurance company.  This can happen if a 'named storm' (does not yet have to be a hurricane) is anywhere within a 'box' that is bounded from Haiti (to the South and East) to the Texas/La. border (to the West) to the middle of the Carolinas (to the North). 

In order to obtain coverage, be sure to notify, in writing, your agent or insurance company prior to the time that the storm in question enters this 'box'.  You can request an effective date weeks into the future but, what is important, is that THE NOTIFICATION is received prior to the storm's entry. 
 

Future installments of THE FORUM will address some of the policy and business practices of those insurance companies that write a significant amount of the total insurance issued to the public. 

If you would like to ask a question or make a comment, E-Mail us at jc@riskmanagement.com.  We look forward to hearing from you.  We thank you for turning to RISKMANAGEMENT.COM.