blog Archives - Recoop Insurance

Helping Clients Disaster-Proof Their Finances: A Guide for Insurance Agents

In today’s world of increasing climate volatility, helping your clients build a strong financial safety net is no longer a best practice, it’s a necessity. Hurricanes, wildfires, tornadoes and other catastrophic events are not only becoming more frequent, but also more financially devastating. While many clients understand the importance of home insurance, fewer have a clear plan for managing the financial aftermath of a natural disaster. That’s where you come in. As a trusted advisor, you not only offer coverage options but play a key role in helping clients evaluate their financial preparedness, from emergency savings to supplemental insurance. Start with the Emergency Savings Conversation According to a 2024 report from Empower Research, 37% of Americans don’t have enough savings to cover a $400 emergency. Now imagine the financial burden of being displaced for weeks after a hurricane or losing essential income due to a wildfire. When disaster strikes, it’s [...]

Flynn Wright2025-04-29T16:41:09+00:00Tags: home insurance, homeowner tips, severe weather|

Preparing for the Unexpected: Helping Clients Understand Rare but High-Impact Risks

In the home insurance industry, we’re in the business of protecting people’s biggest investments from the unpredictable. While everyday risks like auto accidents or storm damage are well understood by most clients, rare but high-impact events, such as catastrophic hurricanes with storm surge, wildfires or earthquakes, are often not top-of-mind. As insurance professionals, it is our responsibility to help clients grasp the potential severity of these risks and the critical role comprehensive coverage can play in mitigating financial loss. The Framing of Rare Events As humans, we tend to psychologically downplay risks that are perceived as unlikely. This cognitive bias can lead people to underestimate the likelihood and consequences of extreme weather events. Unfortunately, this can lead many clients to opt out of essential coverage, assuming that “it won’t happen to me.” By using data-driven insights and historical examples, we can help counteract this mindset and encourage proactive risk management. [...]

Flynn Wright2025-03-03T14:58:05+00:00Tags: homeowner tips, severe weather|

2025 Severe Weather Outlook: Implications for the Insurance Industry

As we embark on another new year, 2025 forecasts indicate a continuation of recent severe weather patterns that could impact the property insurance market. These changes present both challenges and opportunities for the agents who play a critical role in helping homeowners adapt and prepare. Understanding and addressing these looming risks will be the key to helping consumers maintain or build financial resilience in the year ahead. La Niña’s Influence on Weather Patterns La Niña, characterized by cooler-than-average sea surface temperatures in the Pacific Ocean, affects atmospheric circulation and weather patterns globally. The emergence of La Niña conditions in 2025 is expected to influence weather events across the United States, leading to potential increased storm activity and other natural disasters in the first half of the year and a transition to typical regional conditions by spring. Projected Weather Events and Their Impacts Increased Storm Activity: La Niña may bring about [...]

Flynn Wright2025-01-03T18:01:39+00:00Tags: home insurance, homeowner tips, severe weather|

A Year in Review: 2024 Disaster & Insurance Trends

As we approach the end of 2024 and look back on the year, it’s clear that severe weather across the United States has become increasingly unpredictable. From raging wildfires and record-breaking hurricanes to devastating floods, the impact of these natural disasters has been felt by communities across the country. The financial burden imposed on families and businesses is growing heavier, which has influenced insurance trends and shed light on new considerations for financial planning. In this blog post, we’ll explore the severe weather trends of 2024 and explore how the insurance industry has reacted to and evolved alongside these shifting patterns. Top Three Severe Weather Trends of 2024 As of November, the NOAA has confirmed 24 billion-dollar disasters across the U.S. this year, ranging from severe storms and tropical cyclones to winter storms and wildfires. While 2024 has brought on fewer disaster events than in 2023, the year has presented [...]

Flynn Wright2024-12-18T16:13:52+00:00Tags: home insurance, severe weather|

Fortifying Your Home While Away on Travel

As the holiday season approaches, many homeowners are excited to escape for celebration and quality time with family and friends; however, leaving your home unattended with looming severe weather ready to strike this winter season can leave you worrying. Whether your area is expecting heavy rains, winter storms, or strong winds, taking the time to secure your property against the elements is the key to establishing peace of mind before you lock the door and head on your next getaway. Here are a few tips to ensure your home is protected against severe weather, even when you’re not there. Clear Your Gutters: Before you leave, take the time to inspect your roof and clear the gutters of debris to prevent water buildup that could lead to leaks or water damage. Secure Windows and Doors: Check that all windows and doors are closed and tightly sealed to ensure that your home’s [...]

Flynn Wright2024-11-01T15:11:25+00:00Tags: homeowner tips, severe weather|

Weathering the Storm: Tips for Creating a Severe Weather Emergency Kit

When disaster strikes, being sufficiently prepared for an emergency can minimize danger and put you on good footing towards the road to recovery. Having an emergency kit that is easily accessible can provide the gift of time and confidence to better ensure your family’s safety and fortify resilience against looming severe weather events. In this post, we’ll discuss what true preparedness looks like, the elements of a good emergency kit, and how you can achieve peace of mind for your household. Why You Need an Emergency Kit Whether you live in a disaster-prone area or reside in milder climates, emergency kits can be a lifesaving resource for everyone. Furthermore, in today’s evolving weather landscape, it is crucial to build a comprehensive emergency kit that can ensure you’re equipped for any type of severe weather. Recoop’s Damage Report series found that many states experience a diversity of perils throughout the seasons. [...]

Flynn Wright2024-10-01T16:41:18+00:00Tags: homeowner tips, natural disasters, severe weather|

Understanding Your Insurance Coverage: Homeowners vs. Renters

Natural disasters strike without warning and without discrimination, plaguing homeowners and renters alike. A recent report from Realtor.com found that nearly half of all homes in the U.S., 44.8%, are at risk of damage from environmental threats. When it comes to protecting your property from severe weather, having insurance coverage is crucial. However, the type and extent of coverage can vary depending on whether you rent or own your home. In this post, we’ll discuss the differences in insurance coverage for homeowners versus renters, and how supplemental disaster insurance can provide peace of mind for both. Homeowners Insurance Homeowners insurance is designed to protect the policyholder’s investment from a variety of risks, typically including coverage for: Dwelling Protection: This covers the physical structure of your home and means that if a disaster such as a fire or storm damages it, your insurance provider can help cover the repair and rebuilding [...]

Flynn Wright2024-09-18T16:20:33+00:00Tags: home insurance, homeowner tips, natural disasters|

Peril Know-How: Building Sturdy Foundations for Earthquake Preparedness

Earthquakes strike without warning, leaving wide-ranging destruction in their wake. Preparation is the key to minimizing risk and protecting your loved ones from this unseen and unpredictable threat. Here are some essential tips for ensuring your safety before, during, and after an earthquake. Understanding Earthquakes Earthquakes occur when tectonic plates shift along the earth’s surface, releasing energy in the form of seismic waves that can cause the ground to shake. As extreme as that sounds, earthquakes occur quite frequently and are often weak enough to go unnoticed. In 2023 alone, the U.S. recorded 89,707 earthquakes across the country (Volcano Discovery). Earthquakes are most prevalent in the West (specifically California, Nevada, Washington, Wyoming, Idaho, Montana, and Utah), as well as Alaska and Hawaii due to their prime location atop major fault lines. However, no region in the U.S. is entirely immune from quakes, as is evidenced by the recent earthquake that [...]

Flynn Wright2024-08-01T15:33:43+00:00Tags: homeowner tips, natural disasters, severe weather|

Navigating the World of Disaster Insurance: A Guide for First-Time Homeowners

Congratulations on becoming a homeowner! Owning a home is a significant achievement that comes with a sense of security and pride. However, homeownership also comes with its share of responsibilities and risks. One aspect of protecting your new investment is understanding and securing the right insurance coverage for you. In this blog, we’ll review tips for selecting your new policy and reasons to consider supplemental disaster insurance. Tips for First-Time Homeowners Assess Your Risk: Did you know that nearly one in four U.S. adults say they don’t have emergency savings and that there were a record 28 weather and climate disasters (costing $1B each) in 2023? Research the natural disaster risks most likely to affect your area and prioritize supplemental insurance accordingly to support your emergency savings. Compare Policies: More than 70% of disaster damage from the past 10 years has not been covered by insurance. Compare different insurance providers, [...]

Flynn Wright2024-07-02T19:21:49+00:00Tags: home insurance, homeowner tips, natural disasters|

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