Chicago, IL (PRWEB) June 16, 2013
BelmanInsuranceAdvisor.com encourages the continued research being done by the Insurance Institute for Businesses & Home Safety (IBHS) regarding the effects of natural weather events on buildings and other property. Belman believes that by doing this research and gaining quantitative information regarding the effects of inevitable weather phenomenon, the insurance industry as a whole will be better able to gage risk and to advise clients on how to mitigate that risk.
In February of this year, IBHS conducted the first-ever indoor hailstorm re-enactment. Dr. Tanya Brown, an IBHS Research Engineer, said that by doing these experiments, they would be able to discern how to make existing buildings safer and to create stronger new materials. To create the hailstorm, IBHS made over 10,000 hailstones ranging in size from one inch to two inches, although the largest hailstone in history was measured at eight inches. They made the stones of 80% seltzer water and 20% tap water. They then launched them out of cannons made of PVC pipe at buildings made of various materials and other common outdoor items like automobiles and patio furniture.
Given that a single hailstorm can cause $1Billion in damage, understanding the impact of hail (no pun intended) can change how and what materials are used in geographic locations that are prone to this type of weather. Educating insurance professionals and the clients they service regarding “hail proofing” roofs and property will help make sure that the number of claims are reduced after a hail event and will subsequently promote a healthier bottom line. Additionally, if through this ongoing research, companies are able to market lower cost property insurance, they may be able to increase the sales of other insurance types they might offer such as health insurance, family life insurance, or auto insurance.
Belman Insurance Advisor continues to support the research being done by the Insurance Institute for Businesses & Home Safety (IBHS). Belman believes that the research of weather events and the effects on different building materials, will mitigate risk and help to decrease the number of claims filed.
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