Hurricane Ivan was a large hurricane that lasted hours and caused a widespread damage of both property worth over one billion dollars and claimed 44 lives. Hurricane Ivan reached category 5 strength and was recorded as the 10th most intense hurricane, with a speed of 115 mph. Hurricane Ivan generated a 27-mile high storm wave considered to be the highest and most intense ever registered in history. The Hurricane Ivan hit these many areas in September of 2004. The areas affected included Grand Cayman, Texas, Windward Islands, Eastern United States, Alabama, Cuba, Louisiana, Florida, Jamaica, Grenada, Venezuela. The Hurricane Ivan impact was felt across these areas with thousands of people left homeless, power outages, injuries, and deaths. Hurricane Ivan lasted for 22 days of which ten days were recorded as being very active.
Hurricane Ivan Insurance in Florida
Florida policyholder of National Flood Insurance Program received 860 million dollars for Hurricane claims. There was a payment for 10,000 claims with those policyholders that claimed for flood claims receiving more money for Hurricane Ivan.
FEMA reported that the insurance protects property owners from absorbing the cost or relying on disaster aid. Flood insurance is important to cover for flood since most insurance policies do not cover damages caused by floods.
Florida residents were advised to take up flood insurance for preparedness for future disaster. Flood insurance is sold and serviced by private insurance companies and agents.
FEMA prepares the nation for all hazards and manages federal response and recovery efforts following an incident of national significance. FEMA initiates mitigation activities, trains first responders, works with state and local emergency managers, and manages the National Flood Insurance Program.
Hurricane Ivan in Jamaica
Most, 90%, of the affected, had no insurance cover. Homes were crushed, and many were left homeless and without food. The Jamaican young economy could make it hard to move people as well as feed them. The government reported it does not have enough money to check for Hurricane Ivan but promised to everything possible in cooperation with the private sector to see the rebuilding exercise.
Hurricane Ivan insurance, Alabama
FEMA stated: ‘No matter where you’re located in the state, Alabama businesses of all types need insurance coverage for property damage and business interruption, due to the risk of damage from high winds and rain that can shut down businesses for days, weeks or even months. Ask your agent to be sure you have the insurance coverage you need to get back to business faster when a bad storm comes your way.’
Hurricane Ivan resulted in 1.6 billion dollars in total flood insurance losses paid for by the National Flood Insurance Program