Tropical storm experts are forecasting a 71 percent chance of a major hurricane hitting the U.S. coastline in 2004 – a significant jump from the long-term average of 52 percent.
The National Oceanic Atmospheric Administration predicts between 12 to 15 tropical storms and eight to twelve hurricane systems along the Atlantic seacoast for this year. If the prediction holds true, that’s a three- to fourfold increase over 2003’s major storm activity.
“That’s alarming news, especially for those who have built homes along the rapidly developing U.S. coastline,” said Scott Spencer, worldwide appraisal manager, Chubb Personal Insurance.
The value of insured property in hurricane-risk areas has risen to approximately $2 trillion as a result of increased development along coastal regions, according to The National Hurricane Center.
“It’s critical for homeowners to take preventative measures now to reduce the risk of cataclysmic damages later,” said Spencer.
The Chubb Group of Insurance Companies is offering tips to help families protect themselves, their homes and possessions. For more information, visit www.chubb.com
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