Agent says Hurricane Florence should not impact Missouri insurance rates

1 year 9 months 3 weeks ago Thursday, September 13 2018 Sep 13, 2018 Thursday, September 13, 2018 2:15:00 PM CDT September 13, 2018 in News
By: Mercedes Mackay, KOMU 8 Reporter
loading

COLUMBIA - Missourians should not see their insurance rates skyrocket as a result of Hurricane Florence, which reached the Carolinas Thursday.

State Farm agent Greg Hill said Missouri rates are determined only by losses in the state. He says insurance companies prepare for natural disasters.

"We factor it into our rate schedule. Whether they are hurricanes, tornadoes or anything. It is all apart of the big picture," he said. 

Hill said only states in which the natural disaster happens will see rates go up, but even those rates will not increase tremendously.

"For example, the Joplin tornado was certainly a very costly tornado, and it was a large loss for us and other insurance companies, but we do not try to recoup everything we paid in that tornado on losses because, again, it's part of the big picture," he said. 

Jamie Blake and her family moved to Joplin the day before Missouri's worst natural disaster hit. 

"It was a normal sunny day. We  woke up that morning and went to church," she said. 

Blake said three to four hours later their church was completely gone. 

"You don't have any warning. They can just happen like that and that's what happened that day. It was just like, boom," she said. 

Hill said the best thing people can do is be prepared.

"Most policies cover most of the natural disasters, but you just want to make sure with your agent that your covered all the way you should be," he said. 

Blake said she watched as the insurance companies rebuilt homes in her family's new town after it was destroyed.

"It's like a scar, it will always be there but it is not an open wound anymore. You just have to push through, things will go back to normal," she said. 

More News

Grid
List
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
3 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 6:09:26 PM CDT July 05, 2020 in News
MARIES COUNTY - The Maries County Sheriff's Office recovered human remains near the Gasconade River on Sunday, according to a... More >>
3 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 5:26:00 PM CDT July 05, 2020 in News
MOBERLY - Movie lovers have something to be excited about: some theaters are starting to reopen. The B&B Moberly... More >>
4 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 4:34:00 PM CDT July 05, 2020 in News
CAMDEN COUNTY — A one year old boy was killed at about 9:50 a.m. July 4 after being hit by... More >>
7 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 1:37:00 PM CDT July 05, 2020 in News
COLUMBIA — The Columbia Public School District released plans for reopening in the fall and said on June 22 that... More >>
8 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 1:00:00 PM CDT July 05, 2020 in News
COLUMBIA — UPDATE: In a press conference on Sunday, Columbia Police Chief Geoff Jones provided details on an overnight shooting... More >>
10 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 10:57:00 AM CDT July 05, 2020 in News
KANSAS CITY, Mo. (AP) — The Missouri Democratic Party’s chairwoman is stepping aside until at least September. The Kansas... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 6:22:27 PM CDT July 04, 2020 in News
KANSAS CITY, Mo. (AP) — The Jackson County, Missouri, prosecutor says two brothers have been charged with second-degree murder and... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 4:29:38 PM CDT July 04, 2020 in News
COLUMBIA - The Fourth of July is a day which commemorates freedom. But this year’s holiday follows weeks of... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 3:45:00 PM CDT July 04, 2020 in News
COLUMBIA - A rally was held at the Boone County Courthouse Saturday morning in an effort to show support for... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 3:23:00 PM CDT July 04, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 10:12:00 AM CDT July 04, 2020 in News
COLUMBIA —As mid-Missouri experiences a rise in coronavirus cases, the Health Department is struggling to keep up with contact tracing.... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 6:51:53 PM CDT July 03, 2020 in News
VIENNA — The Historical Society of Maries County is offering a $1,000 reward to anyone who can provide "substantial information"... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 6:32:32 PM CDT July 03, 2020 in News
COLUMBIA - Four bars within 24 hours may have been exposed to someone who had COVID-19. Boone County Health... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 6:29:00 PM CDT July 03, 2020 in News
BOONVILLE - Hundreds of mid-Missourians stocked up on fireworks this week for the Fourth of July. 73-year-old Jim Edwards... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 5:50:00 PM CDT July 03, 2020 in News
MISSOURI — As COVID-19 continues to spread throughout Missouri, state and local officials confirm new case counts daily. ... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 5:00:00 PM CDT July 03, 2020 in News
BONNE TERRE, MO. (AP) — An eastern Missouri county has seen a big increase in confirmed coronavirus cases, and... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 3:52:13 PM CDT July 03, 2020 in News
COLUMBIA—Columbia City Council will vote Monday on a new mask ordinance that would require face coverings in all public places.... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 3:51:00 PM CDT July 03, 2020 in News
Columbia, MO
Broken Clouds 81°
10pm 77°
11pm 77°
12am 76°
1am 75°