There are many different occurrences throughout the United States that may warrant a raise in insurance prices for homeowners. These types of raises are normally influenced by natural disaster occurrences such as tornados, hurricanes, droughts, or natural fires. All of these things not only influence the environment, but also the economy.
Different states in the United States all have different specifications on natural disaster oriented insurance simply based on the most common occurrences in the state.
Take for instance, Virginia; in Virginia, three major occurrences that influence the economy as well as the environment include floods, ice storms, and even major hurricanes. This means, that insurance on home owner’s property and contents would be higher as a result.
There are specific types of homeowners insurance that focus around the occurrences of these particular disasters. There are types of hurricane insurance, flood insurance, and ice and water damage insurance. However, due to the regular occurrence of such disasters, the insurance for all of these specific categories are raised in price. The prices on these occurrences goes up every time that a ice storm, flood, or hurricane happens because this increases the odds of such occurrences happening more times in the future. Because of the high probability of future hurricanes, hurricane insurance is tragically more expensive in places like Virginia Beach than in other parts of the state, or the country for the most part. Because Virginia Beach is right on the coast of Virginia, it is deemed more susceptible to rapid natural occurrences such as hurricanes, thus the insurance for hurricane coverage on home owners insurance is also heightened. Virginia Beach has perhaps the highest rating for home owners insurance with hurricane coverage than most, if not all other regions along the coast, and in the inland of the Virginia state.
Places like Hampton also have a higher hurricane rate for the hurricane line of home owners insurance, and in fact, many banks will not even approve a loan if hurricane insurance is not purchased. However, in Hampton, hurricane insurance and flood insurance walk hand in hand because floods statistically occur more often in Hampton than they do in Virginia Beach, though floods are often as a result of hurricanes, heavy rain and thunder storms are the more common denominator for floods. The same is try of the Norfolk region of Virginia which is just south of Hampton. All of these places have higher rates on hurricane and flood insurance.

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