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Fort Lauderdale Home InsuranceMillions of Americans have grown used to steep rises in home insurance costs during recent years, but how many people actually wonder why the cost of insuring a home seems to rise  - regardless of whether or not a claim was made during the preceding year?  Many leading climate change scientists believe the phenomenon is causing weather patterns to become more unpredictable, and that could lead to more homes in the US becoming an insurance risk.  Unfortunately, there is a growing body of evidence that suggests the average cost of insuring a home will continue to rise for many years to come.

Global insurance specialists Munich RE recently published 'Severe Weather in North America', and the results are startling.  At a cost of over $100bn, Hurricane Katrina was the world's most expensive natural disaster, and global insurers were forced to cover around half of those costs.  Of course, many insurance premiums rose steeply in 2006 as a result, but this could be just the start of a growing pattern of unpredictable weather.

The continent of North America has always had a turbulent relationship with the elements. Tornadoes, hurricanes, tropical storms, droughts and floods all occur on the same landmass, and this creates a disparity between the price Americans pay to insure their home.  Sadly, North America is suffering from more dramatic weather events than any other region on earth.  Climatic events resulting in significant financial loss have increased five-fold during the last thirty years - more than in any other continent.  Insurance is based on risk, and people in certain parts of the US and Canada will find the cost of home insurance prohibitive - and that's if insurance is available at all.

What Can People Do to Minimize the Impact of Climate Change on Home Insurance Costs?

As the costs of home insurance are based on risk, people can take steps to ensure they do not need to make a claim after a weather-related incident.  Securing a roof, installing storm shutters over windows and keeping a plentiful supply of sandbags can minimise damage, but there are no guarantees.  The single biggest precaution that can be taken is to live in areas that aren't prone to freak weather events - but in North America that is almost impossible.  Detailed research into an area's risk of flooding, wildfire and storm activity before moving there could lead to significantly lower than average insurance costs to bear.  Many insurers are simply refusing to cover homes in high-risk areas, however, and that is leaving millions of people at risk of financial ruin.  

The United Nations and several global environmental bodies are predicting that climate change will continue, and that the effects will be increasingly dramatic.  Consumers who are prepared to search the market for the best deals will be able to minimize their insurance costs with coverage from insurers that specialise in high-risk locations.  

As the start of the 2013 Hurricane Season approaches, you may be concerned about protecting your home. If you're currently worried about the rising costs of insuring your home, give Pro Player Insurance Group a call at 512-367-7744.  Only by seeking the advice of experts will you be able to control the cost of insuring your home as climate change continues to profoundly affect the world's weather patterns. Let us help you find the best Fort Lauderdale Home Insurance to protect your home. 
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