Economy May Compound Potential for Hurricane Damage
TAMPA, Fla., June 1 /PRNewswire-USNewswire/ -- The 2009 Hurricane Season is upon us, and the Institute for Business & Home Safety (IBHS) warns that the economy could compound the potential for damage this year.
IBHS is concerned that people who are struggling financially or are already on a tight budget will hear forecasts for an 'average' season and put off protecting their property.
"It's a double-edged sword for financially strapped home and business owners this year," said IBHS President and CEO Julie Rochman. "They don't have funds for protective measures -- but they're also ill-equipped to handle the financial impact of a storm.
"If a hurricane hits and disrupts day-to-day life, people may be out of work for days or weeks," Rochman added. "They may need to find alternate childcare, or replace items not covered by insurance. Are they able to take time off to attend to family matters or meet with contractors for repairs? There are lots of things to think about, but people in hurricane-prone states should ask themselves if they can afford to NOT prepare."
IBHS also says the number of foreclosed homes -- and unoccupied homes whose owners have moved away before their property sells -- can mean an increased potential for flying debris if they are left unprotected. Any building that is unsecured for a severe storm, in disrepair or unfinished and left open to the elements also means more potential windborne missiles threatening that neighborhood.
To better equip all residents in hurricane-prone areas with information to help prevent property damage, IBHS developed valuable new online resources, including no- and low-cost options for hurricane protection and the wind-driven rain that accompanies a storm.
An interactive graphic shows what areas of a home are vulnerable and how to increase its defenses, and a video demonstrates how to accomplish some of the most important tasks. Information is also provided to help owners of manufactured homes assess their tie-downs and make sure their structures are secure, and to help business owners create continuity plans.
IBHS is an independent, nonprofit, scientific and educational organization supported by the property insurance industry. The organization works to reduce the social and economic effects of natural disasters and other risks to residential and commercial property by conducting research and advocating improved construction, maintenance and preparation practices.
