According to the NOAA (National Oceanic and Atmospheric Administration), damage from severe weather could exceed $100 billion in the U.S. by the end of the year. In 2022 alone, we have seen 15 weather events that have caused over $1 billion in damage. This is the 8th consecutive year the U.S. has endured 10 or more billion-dollar disaster events.
And these severe weather events aren’t just related to hurricanes—there have been hailstorms across the Midwest, tornadoes in the Great Plains, and wildfires out West.
Ensuring your insurance policy is up to date with the proper coverages and limits is always important, but especially during storm season. So, before severe weather hits your area, here are four things to consider when reviewing your commercial property insurance policy:
If you have any questions about reviewing your property insurance, reach out to your Acuity Insurance independent agent to learn more.
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