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11/21/2013 - Learning from Hurricane Sandy


Because the storm impacted so many business owners, new regulations were put into effect that aimed to better handle the effects of flooding.

A little over a year ago, the second costliest storm in the country's history barreled into the East Coast in Hurricane Sandy. With much of the repair work now complete - and hundreds of thousands of property insurance claims filed - new details are coming to light regarding the most common installations people affected by the superstorm implemented in the months following.

According to home improvement network Porch.com, chief among these were alarm systems. There was a 55% uptick in home security devices and a 28% jump in smoke detectors when contrasted with the same period last year.

Todd Miller, who owns an architectural firm in New Jersey, one of the states most directly affected by Sandy, told Porch.com that many of his customers inquired about fire alarms, as well as those that detect whether someone breaks into their residence.

Additionally, a substantial amount of money was spent on helping individuals pay for their temporary rental costs, which the Federal Emergency Management Agency approved.

Because the storm impacted so many business owners, new regulations were put into effect that aimed to better handle the effects of flooding.

"Flood maps have been updated for the first time since 1983 with 398,000 residents currently living in flood prone areas in the New York City area," Porch.com reported. "By 2030, all buildings in New York with more than 7 stories and over 300,000 square feet are required to undertake flood protection measures."

The Insurance Information Institute recently noted that one of the most important aspects of any hurricane is to learn from it - implementing the strategies that weren't in place before so that if something similar happens again, people will be prepared. Knowing that only one inch of water can cause thousands of dollars of damage, it's recommended that everyone consider their need for flood insurance - and for those who already have it, reviewing whether they have enough to protect not only their home but also the contents within.


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