Protecting Your Home From Hail Damage

HAIL NO! Protecting Your Properties From Hail Damage AVERAGE NUMBER OF NATURAL CATASTROPHES That's a NEARLY 175% INCREASE over 30 years 1987 to 2016 HAIL STORMS OCCUR EVERY 7 TO 9 DAYS with thousands happening each year 2017 490 736 850 2018 -THE ALARMING THREAT OF HAIL STORMS Hail storms are occurring more often across mid-Atlantic states and the central US Nearly every state experienced at least one large hail storm Except Alaska. Hawai, and Rhode Island 508 493 332 309 167 142 Texas Kansas Colorado Nebraska Oklahoma Wyoming WHAT CAUSES HAIL? WATER DROPLETS ARE LIFTED by updrafts into the clouds DROPLETS ATTACH AND FREEZE TOGETHER within the VARIABLE WINDS KEEP THE DROPLETS IN THE CLOUD as hailstones grow As hailstones fall, FREEZING TEMPERATURES KEEP THEM FROM MELTING storm cloud's lower levels Hail can happen anywhere –If you get thunderstorms, hail is a possibility POTENTIAL FOR DAMAGE Hailstones can fall at speeds greater than High velocity winds propel hail and increase storm damage Size can vary from pea to a softball 90 MPH 4inch Hail damage increases exponentially with its size- When hailstones reach I½ inches or more, property damage is almost guaranteed 4½ inches 1½ inches In July 2010, THE LARGEST HAILSTONE EVER RECORDED in the U.S. was found 22 19 POUNDS INCHES in circumference INCHES in diameter Each year, hail storms across North America cause more than that's equivalent to 5 2 LITER SODAS SIO BILLION in damage - THE COST OF HAIL DAMAGE 2017 was one of the worst years for hail damage across the US -- 11 MILLION PROPERTIES Some states saw HALF of all properties affected by hail were affected $1.3 $872 $833 by hail million thousand thousand 57 55 | 46* Texas Illinois Missouri Kansas Oklahoma Missouri 2017 Hail Storm Damage Home and Auto Insurance 2016 2017 2018 $6.1 $2.3 BILLION BILLION in damages from hail and wind across Texas hail storm hit suburban Denver Colorado is 3rd in the nation for fastest rising rates Property Crops Injuries $1.7 BILLION -$60 MILLION 14 In 2017, extreme weather caused $330 BILLION ngloba | I property damage Insuer pad UVER S135 BILLION NAS Insurers paid INSURING AGAINST THE RISK OF HAIL Unpredictable frequency and severity Expanding geographic reach Difficult to detect Compared to other types of risk, hail can be tricky to insure damage immediately Insureds may file claims months or even years after the event Storm warnings often go ignored due to lack of damage from past events With climate change, hail storms may be migrating into states in the Northeast and West Emerging technologies like artificial intelligence offer new ways to assess damage PROPERLY ASSESSING RISK Insurers Need The right tools to calculate risk To ask consumers the right questions before offering quotes To identify areas at increasing risk With the rise of the Internet of Things, homeowners can use sensors to monitor for damage Flo by Moen is a smart water monitor that detects and stops leaks But insurers are beginning to turn to Al to monitor properties remotely To educate consumers on how to reduce the cost and risk of potential damages Have the right materials installed on the roof Inspect and maintain the roof on a regular basis Common asphalt shingles don't stand up well against hail damage Instead, consider installing 26 gauge metal roofing To utilize businesses that track areas with potential for damage Get notified of bad weather that could affect a property before it hits Use data to predict future risk for informed underwriting choices When hail begins to fall, is your investment protected? Weather a Check Sources: goabode com flashorg/perl_hal.php ili.org/fact-statistic/facts-statistics-hal theweatherprediction.com/habyhints2/544 disastersafety.org/hal/reduce-hail-damage-to-homes disastersafety.org/wp-content/upleads/Hail-Facts_IBHS.pdf spc.noạa gov/climo/online/monthly/2018.annual_summaryhtml BOS.org/articles/hal-causes-the-most-storm-damage-costs-across-north-america housemethod.com/renovation/6-best-roofing-materials-ranked-by-durability-and-cost voanews.com/a/experts-hall-damage-is-worse-but-climate-role-uncertain/45291| htmil DEVELOPED D verisk.com/siteassets/media/campaigns/gated/underwriting/2017-hail-the-hidden-risk pdi N NOWSOURCING munichre.com/topics-online/en/climate-change-and-natural-disasters/natural-disasters/the-natural-disasters-of-2018-in-figures html washingtonpost.com/national/in-the-nations-hail-alley-fierce-storms-and-bonming-growth-are-un-a-costly-colision-course/2018/09/27/6435750a-c26c-lle8-975-able46ht3hc7_stary.html