BlogTest - Page 2 of 3 - Recoop Insurance

Save the Date: Reminder To Reevaluate Your Coverage for National Insurance Awareness Day

A holiday for insurance? Yep, you read that right. While you don’t get the day off work, National Insurance Awareness Day (June 28) serves as an important annual reminder to review your current policies in place, identify any potential gaps in your plans and update your coverage. This can give folks the peace of mind knowing they’re financially prepared for whatever Mother Nature throws their way in the next year. It’s especially important since natural disasters in 2022 totaled $165.1 billion in damages in the U.S. With household budgets already tight due to inflation, insurance policy gaps can leave homeowners left covering the costs where insurance falls short. And that can lead to financial ruin for many people across the country. Let’s take a closer look at homeowners and renters insurance this National Insurance Awareness Day with some practical tips on how to ensure you have the best policy in [...]

admin_recoop2023-06-09T18:19:13+00:00Tags: coverage gaps, homeowner tips, natural disasters|

Peril Know-How: Navigating an Unpredictable Hurricane Season

June marks the start of hurricane season, and every year hurricanes cause billions of dollars in damage and claim countless lives. With the six-month long hurricane season comes severe winds, rain and storm surge. This combination of devasting weather can spell destruction for many homeowners all across the Eastern Seaboard. In fact, many homeowners are still piecing their lives back together after the devastating effects of Hurricane Ian last year. The physical and economic damage caused by Hurricane Ian is estimated to have caused a total of $112.9 billion, placing the hurricane as one of the top five costliest in U.S. history. For Florida specifically, it’s estimated that Hurricane Ian will break records for the largest hurricane-related loss event to date. With the impact of storm like Hurricane Ian still top of mind, many homeowners across the eastern U.S. need to brace their homes – and their finances – for [...]

admin_recoop2023-05-15T13:35:54+00:00Tags: hurricanes, natural disasters|

Earth Day 2023

Escalating Climate Change Means More Severe Weather. Here’s How You Can Prepare While Keeping Sustainability in Mind Climate change is one of the most pressing issues facing our planet today. Its effects are widespread, but perhaps the most alarming is the increase in natural disasters. From hurricanes and storm surge to wildfires and tornados, the impact of climate change on our environment has led to a rise in extreme weather events that cause destruction. In 2022 alone, climate-fueled disasters cost the United States $165 billion in damages. It's no longer a matter of if – but when – disaster will strike. In fact, countries making up 90% of America’s population were affected by a federally declared disaster between 2011-2021 according to new report. This Earth Day (April 22) serves as a reminder of how climate change impacts the growing severity of natural disasters and why you should take sustainable steps [...]

admin_recoop2023-04-03T14:17:19+00:00

Women’s History Month: Celebrate the Women Leading the Disaster Recovery Charge

Recovering from any disaster takes a group effort. And throughout history, women have been at the forefront of helping their communities after disaster strikes. Research suggests that women are more inclined to stay put and not evacuate when Mother Nature is advancing, mainly because many women manage household responsibilities such as taking care of their family members like children and the elderly. Since severe weather impacts and disrupts women’s lives so greatly, it’s no surprise that many women are compelled to take matters into their own hands to help themselves, their families and their communities bounce back faster from disasters. In honor of Women’s History Month, let’s celebrate women leading the disaster recovery charge. Here’s a closer look at just some of the iconic women who began impactful disaster recovery movements, and the present-day women who are honoring their legacy. Clara Barton, founder of the American Red Cross: At the [...]

admin_recoop2023-03-10T21:15:02+00:00

Peril Know-How: Preparing for Uncertain Spring Weather

April showers brings May flowers, right? While springtime is full of regrowth, spring weather also brings uncertainty and challenges for homeowners. It’s an exceptionally unpredictable season because winter storms are rounding out and tornado season is rolling in – making it a time in which concurrent disasters are likely. In 2022, extreme weather across the U.S. caused $165 billion in damage. As temperatures fluctuate and storms occur, it's important to understand how these changes can impact your home and what you can do to prepare. Winter Storms Come to a Close Despite winter weather slowing down during springtime, it doesn’t mean homeowners are immune to quick shifts in the temperature that can bring snow, ice, freezing rain, flooding and more. The ferocity of winter storms can also take down trees and power lines, causing widespread power outages that significantly disrupt the lives of homeowners. Winter storms were responsible for almost [...]

admin_recoop2023-02-23T21:55:17+00:00Tags: homeowner tips, natural disasters|

Peril Know-How: Storm Surge 101

Following massive coastal storms, like hurricanes, we’ll often hear and see news reports about the disastrous effects of storm surge putting people and property at risk. But what exactly is storm surge, how does it happen and why is it so damaging? Generally speaking, storm surge is when sea water is pushed toward the shore by the force of high winds, like those experienced during a hurricane, and pushes up and over the shoreline often going miles inland and can cause flooding far from the coast. But storm surge is a very complex phenomenon and is highly sensitive to the environment it develops within. The slightest changes in storm intensity, speed, size, angle of approach and the shape and characteristics of coastal features all have a role to play in the final size and impact of storm surge. This surge of sea water is often the greatest threat to life [...]

admin_recoop2023-01-12T22:18:09+00:00Tags: natural disasters|

Worth a listen: Recoop CEO on the common coverage gaps

Everyone loves a good origin story. And the kind folks at the Insurance Podcast recently let Recoop tell ours. Hear from our CEO and founder, Darren Wood, on: His background in insurance The 7 common perils “covered” by home insurance The costly gaps in traditional home insurance How Recoop fills those gaps The new way policyholders can get disaster recovery cash faster LISTEN NOW The Insurance Podcast highlights CEOs, brokers and agents, software companies, marketers and insurance innovators leading change within the industry. We were grateful for the invite … and the chance to get our insurance geek on.

admin_recoop2022-07-14T18:56:00+00:00Tags: coverage gaps, financial well-being, home insurance|

Employers: Don’t Let Consumers Get Swept Up in Financial Challenges This Tornado Season

In 2021, the U.S. recorded just shy of 1,400 tornadoes – which was up more than 300 from the previous year. Not only do severe weather events like this cause billions of dollars in damage and destruction, but they also leave tons of communities without power, internet, and other utilities. Many people are then left picking up the pieces, creating a financial burden to quickly bounce back from a tornado; that’s not something every person can afford to do. You may be thinking to yourself, “Okay, where do I come in as an employer?” The way we see it, you have excellent opportunities to show up for your employees and support them in the event of a tornado. Let’s break it down. It’s an office. No, it’s a home Today’s work environment gives employers and employees more flexibility than ever before, which comes with many benefits. For example, if you [...]

admin_recoop2022-07-14T20:00:19+00:00Tags: employer benefits programs, financial well-being, natural disasters|

What Disasters at Home Mean for Our Work-From-Home Climate

In 2021, the contiguous U.S. states suffered 20 separate billion-dollar weather disasters. With widespread destruction and damage caused by severe weather, many communities are left facing internet, power, and other utility outages. This data shows the alarming truth: No one is immune to the realities of natural disasters. The destruction leaves more than damage to the home; it creates a financial burden for us regular folks to recover our property – an instability few can afford. The emotional stress brought on by severe weather is only compounded in today’s work-from-wherever era. Now that our homes often doubling as the “office”, the blows of severe weather at home is more than just a homeowner problem. It’s the employer’s problem, too. For example, employers have less say in the type of risk-mitigation efforts and preparedness their employees take against natural disasters. Maintaining a secure, connected workplace becomes a moot point when a [...]

admin_recoop2022-07-14T21:50:49+00:00Tags: employer benefits programs, financial well-being, natural disasters|

Previous 123 Next