The upcoming Hurricane Helene is projected to result in significant property damage, with estimates ranging from $15 to $26 billion according to Moody’s Analytics. AccuWeather goes even further, predicting that the total damage and economic loss could reach as high as $110 billion. If these forecasts hold true, Helene could go down in history as one of the costliest storms the country has ever experienced.

Mark Friedlander, a representative from the Insurance Information Institute, recently spoke with CBS News to discuss the implications of this impending natural disaster on home insurance premiums. As insurers brace themselves for the aftermath of Hurricane Helene, homeowners may see an increase in their insurance rates to offset the potential financial impact of the storm.

It is crucial for homeowners in at-risk areas to review their insurance policies and ensure they have adequate coverage in place. In the event of a disaster like Hurricane Helene, having comprehensive insurance can provide peace of mind and financial protection.

As we prepare for the impact of Hurricane Helene, it is important to stay informed and take necessary precautions to safeguard our homes and loved ones. By being proactive and prepared, we can mitigate the potential risks and minimize the financial burden of natural disasters.