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Triple-I: Laura To Impact Insurance Markets in Louisiana, Texas

Storm Will Bring Heavy Rain To Arkansas, Oklahoma After Making Landfall

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For immediate release
New York Press Office: 917-923-8245,Ìýmichaelb@iii.org

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NEW YORK, Aug. 25, 2020Ìý–ÌýÌýis expected to make landfall as aÌýÌýnear the border of Louisiana and Texas late Wednesday or early Thursday and then move northward into Oklahoma and Arkansas, where it will still be a strong storm system, according to theÌýÌý(Triple-I).

Wind-caused property damage is covered under standardÌý,ÌýandÌýpolicies. Renters’ insurance covers a renter’s possessions while the landlord insures the structure.

Property damage to a home, a renter’s possessions, and a business – resulting from a flood – is generally covered underÌýÌý(NFIP) policies, if the homeowner, renter or business has purchased one. Several private insurers also offer flood insurance.

Private-passenger vehicles damaged or destroyed by either wind or flooding areÌýÌýof an auto insurance policy. Nearly 80 percent of U.S. drivers choose to purchase comprehensive coverage.

Through itsÌýÌýand the organization’s other educational materials, the Triple-I offers facts, insights, and analysis on each of the state insurance markets in Hurricane Laura’s path.Ìý

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The Triple-I has a full library of educational videos on itsÌý. Information about Triple-I mobile apps can be foundÌý.

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