Coastal Vunerability

Based on a Weiss report, 77% of coastal properties are insured by just a few insurance companies. Roughly 8 or so for each coastal State that are prone to hurricanes. This presents increased vunerability and a possible insurance nightmare. With very little spread of risk,  these insurers will have to bear a very large burden of storm claims and could affect the national insurance marketplace. It can also affect availability of insurance to others. I hope mother nature keeps the storms away!  Until next time be careful out there and know your risks. K

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