Recent computer modeling could have a significant impact on your homeowner
insurance rates. Insurance Companies and re-insurance companies rely
heavily on computer modeling to predict their probable maximum hurricane
loss in a given area. A recent RMS computer model, which is widely used by
most homeowner companies, reflects much higher hurricane loss figures for
inland counties. Following is an excerpt from RMS website regarding their
"The updated model reveals new information about how hurricane risk is
spread across Florida, with decreases in the view of risk to some coastal
areas and increases in the view of risk to Central Florida compared to the
previous model version. According to the new data and research, wind risk in
some coastal locations, such as Miami-Dade, is lower than had previously
been understood. At the same time, advances in our understanding of how
hurricanes decay over land show that the risk in Central Florida, in areas
such as Orange County, is actually higher than previously understood. While
the relative risk has changed, coastal locations are still much more subject
to hurricane risk than inland locations."
These results have impacted re-insurance companies pricing which drives up
the cost for the insurance companies, who in turn then request rates
increases from the State of Florida for Homeowner Insurance. Virtually all
homeowner markets in Orlando have or will be requesting a rate increase.
However, these increases to homeowners insurance vary widely from carrier to
Please contact Corkhill Insurance Agency to shop your Orlando homeowners insurance for the best price,
coverage, financial stability and overall value in the marketplace.