One of the largest storms ever to hit the United States started as Tropical Storm Sandy, but ended up turning into a devastating Hurricane that wreaked havoc on many homeowners located in Maryland, New Jersey and New York. Many of the homeowner’s insurance companies doing business in these areas will be out serious claims dollars in the months ahead. Do you think some of these carriers will go out of business? What are the odds policyholders in these states will see dramatic premium increases?
Most insurance carriers do not just raise home insurance premiums due to one large catastrophe, but since this was such a large storm, with damages in the $20 billion range, you can be sure these carriers will have to increase premiums to stay in business. Everyone across America feels compassion for the homeowners in these areas. We at www.PremierHomeownersInsurance.com pray for the devastated areas to have a speedy recovery! Let us know your thoughts in how everyone can help the victims of Hurricane Sandy today!
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