COURTESY OF | Scott Vincini, CLU, CHFC– Callen Insurance Services
It would be natural to worry about the state of the insurance market after a big storm. Perhaps you are asking, is now a good time to get insurance on a Hilton Head real estate investment?
The good news is the insurance market is still very healthy with only modest changes to underwriting standards. Even for those homeowners with losses, catastrophic weather claims do not count against you when shopping for new insurance.
How will the storm affect my home insurance?
There are several factors that go into insurance pricing beyond losses in the local market. For example in 2005, when Hurricane Katrina hit New Orleans, Hurricanes Dennis, Rita and Wilma also hit the U.S. in the…