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Damage From Mid Atlantic Storms Tops $2 billion

The nation's capital is digging out from a week which saw two major snowstorms paralyze the city and bring almost everything to a halt. Things...
February 17, 2010

The nation's capital is digging out from a week which saw two major snowstorms paralyze the city and bring almost everything to a halt. Things are getting back to normal this week. Last week's storms shattered all records for the amount of snow to fall on Washington, D.C. The snowfall total for the winter rose to 55.9 inches, which breaks the old seasonal snowfall record by almost two inches. Records have officially been kept in DC for 126 years - since 1884.

The D.C. Department of Insurance, Securities, and Banking (DISB) and the National Association of Insurance Commissioners (NAIC) issued recommendations for homeowners whose properties are damaged or those who are involved in car accidents due to the weather. These apply no matter where you live:

  • If their homes are damaged, homeowners are encouraged to contact their insurance companies or agents, take photos of the damage, make repairs to ward off additional damage and save all receipts.
  • Standard homeowners' policies generally cover damage associated with wind, wind-driven rain, fallen trees, and structure collapses associated with ice and snow, as well as frozen pipes that are not the result of negligence, such as inadequate interior temperatures. Fallen trees, food spoilage from power outages, and water damage from backed-up drains are among the events not covered by standard policies.
  • In the event of a car accident, drivers are urged to call the police, obtain the information from witnesses and those involved in the accident, take down all the details of the accident, and call their insurance companies or agents.

The Mid-Atlantic states incurred more than $2 billion in insured property losses from two recent winter storms, according to catastrophe modeler EQECAT. Most of the losses are concentrated between Northern Virginia and New York City and are likely attributed to pipe breakage, roof damage and leaks in ice dams.

Winter Storm Losses May Top $2 Billion (Business Insurance 2/15/10)

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