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Jupiter Florida Hurricane Insurance News
Get paid from a hurricane, how you say?
Palm Beach business man Kenneth Horowitz came up with HURLO, which stands for Hurricane Risk Landfall Option. Palm Beacher’s as well as most Florida residents know all too well about gaps in our hurricane insurance policies. This is the way it works: If you live in Palm Beach County and you purchase an option, if the hurricane hits the Palm Beach County as determined by the National Hurricane Center the money that was pooled together in the mutual risk pool goes to the option holders. As of now only business’s worth $1 million dollars or an individual with a new worth of $5 million are able to buy options, but that soon will change. Come January of next year the company’s founder is hoping to open it to all consumers. In addition, this could mean a boost to real estate sales as future homeowners will have alternatives when dealing with hurricane related uncertainties. To find out more about this innovative development please visit www.weatherrisksolutions.com
Looking for Jupiter Real Estate stop by www.Tedsoldit.com
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Date: Thursday, August, 13th 2009 @ 05:54:17 PMViews: 225
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