According to Eqecat, a catastrophe modeling company, they believe “this year’s storm season is already running nearly 30 percent higher than the average of recent years.” The normal tornado season runs from April to June; however, this year seems to be off to an early start, as there have already been 272 tornados prior to April.
Insurers are facing major costs following this storm, which didn’t give the insurance industry much of a break from the record $25 billion in insurance losses last year. Insurance companies are seeing the following claims after the recent string of twisters:
- Hail damage claims
- Windstorm damage claims
- Tornado damage claims
What Does this Mean for Your Residential Insurance Claim?
Because insurance companies are dealing with a large number of claims coming in, they cannot devote much time to your claim. Additionally, the volume of claims, which are predicted to cost insurers between $1 and $2 billion in losses, may cause insurance adjustors to not approve everything and undervalue your claim, so they can save the company money at your expense.
In order to not be taken advantage of by the insurance company, call an insurance claim litigation attorney for help filing your residential insurance claim to recover your losses. You can reach the Voss Law Firm at 888-614-7730 for a free consultation today.