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Ohio insurance institute reports on Ohio's February storms....

Ohio homeowners policy increase
Late February storms cause over $68.9 million in Ohio insurance claims

A late February deluge that brought several inches of rain to parts of Ohio and significant flood, wind and water-related losses caused at least $68.9 million in insured losses, according to the Ohio Insurance Institute (OII). Nearly 15,900 claims have been filed to-date across the state. Preliminary loss estimates, which don’t include flood insurance-related losses, are expected to rise over the next few months as additional property damage is detected.

About this storm
Heavy rains and thunderstorms moved across Ohio overnight on February 27-28 as 3-4 inches of rain accumulated over a 24-hour period in already saturated areas across northern Ohio. This system exited the state and a second wave of precipitation moved through southern Ohio. Warm temperatures, heavy snow pack and snow melt resulted in moderate to major flooding in parts of the state. According to the Ohio Emergency Management Agency near-record flooding was recorded on the Cuyahoga River at Independence along with major flooding on the Scioto River at Larue and Prospect. At one point, flood warnings were in effect for 47 of Ohio’s 88 counties.

Storms like this are the reason that Ohio home insurance premiums have been on the rise since 2009.  We have seen Ohio homeowners rate increases over the past few years.  This is why it makes more important than ever to take a look at your current rate and to shop your Ohio homeowners insurance.
Posted 2:59 PM

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