Sentence examples for insured property from inspiring English sources

The insurer benefits because insured property owners are less likely to file a claim in the aftermath of a hurricane if the premium owner has been incentivized to invest in resilience precautions.

From Hurricane Sandy's devastating blow to the Northeast to the protracted drought that hit the Midwest Corn Belt, natural catastrophes across the United States pounded insurers last year, generating $35 billion in privately insured property losses, $11 billion more than the average over the last decade.

"An insured has the obligation to be forthcoming about all facts relating to his/her insured property.

But there are disputes whether computer programs are insured property.

Putting aside Hurricane Katrina, insured property losses have hovered around $35 billion in peak years since 1990.

These synthetic hurricanes damage a portfolio of insured property according to an aggregate wind-damage function; damage from flooding is not considered here.

AIR Worldwide, a company that models hurricanes and estimates their damage, said the value of insured properties in New York State's coastal areas was $2.7 trillion.

The bill also gave the federal government the authority to purchase insured properties "damaged substantially beyond repair" rather than allow them to be rebuilt.

FEMA has repeatedly said that the damage to uninsured private homes was not so severe that state, local and volunteer agencies could not handle the problems, and that FEMA could not duplicate coverage for insured properties.

But this agreement runs out next year, and to replace it, the ABI has proposed a fund based on an annual levy of about £8 on all Britain's 25 million insured properties, which would enable premiums of high-flood-risk homes to be kept affordable.

Mayor Michael Bloomberg of New York City has argued that flood insurance for homeowners of modest means should not skyrocket to the point where it becomes unaffordable, but, in the long run, it makes sense to demand that insured properties be made more resilient.