Date post: | 17-Dec-2015 |
Category: |
Documents |
Upload: | cornelia-stokes |
View: | 215 times |
Download: | 1 times |
Practical Steps to Hurricane Loss Management
Rick Osorio, Director of InsuranceDiocese of St. Petersburg
Katrina and Rita’s Wrath
In Louisiana, primarily in the southern portion of the state, and in Biloxi, Mississippi, 4 Diocese and one Arch Diocese were affected by these storms
Damages caused totaled $81 billion
Coastal Properties at Risk
Evacuation levels A & B Saffir / Simpson Scale
Category Wind Speeds (MPH)
Storm Surge (Feet)
1 74 - 95 4 to 5
2 96 - 110 6 to 8
3 111 - 130 9 to 12
4 131 - 155 13 to 18
5 156 + 19 +
Windstorm damage
Damage to property caused by wind blowing over items, or propelling something into your building
Flood Damage
Can originate from an overflow of a nearby inland body of water, or
Water surge from a hurricane if you are near coast line
Not being in a flood zone is no guarantee that you are protected from hurricane surge
How are property and contents insured and adjusted ?
Building and contents are insured on a replacement cost basis. For most items, this means that if they can’t be repaired for less than their insured value, they will be replaced.
Building damage is either repaired or the building is deemed a total loss and replaced
It is critical that up to date values, including building improvements are reported to the Insurance Office annually
Business ContinuityCoverage Usually pays expenses in relocating
to another site while repairs take place
Only key personnel to be paid Key utilities and services to be paid Loss of tuition would be covered Loss of mass offerings are not
Call Catholic Mutual Group
Advise operator you have a hurricane claim to report. You will be transferred directly to a claims representative
1-800-228-6108 A field adjuster will be assigned to
your claim. Take note of the claim number and name and phone number for the field adjuster
Assess your damages, walk around your property safely
Take photos and make notes, and organize them per building, area of your property. Organized presentation of your loss is key. Do not throw away items
Contact contractors who can write estimates
Make the property safe, for you and staff
After Reporting your Claim---
Be prepared for the adjuster
Present your claim documents, receipts, estimates and photos. Make sure you have copies
Catholic Mutual will work with adjuster to determine the loss of your claim and work with contractors to begin repairs of your property
In closing….and other thoughts…..
Prepare a disaster plan with your staff. Rehearse it, making it a living document
Keep it simple (http://publix.onestorm.org/default.aspx?ReturnUrl=/OnePlan/)
Back up storage to a remote location Move vehicles and mobile equipment to a safe site Have at least one alternate site that you can operate
from chosen before storm Monitor volunteer assistance. Safety first.