Storm Ready Community
The definition of a storm ready community is any community across the country that demonstrates it has the means to prepare and educate the population for severe weather conditions. However, in order to be considered a storm ready community, you need formal recognition from the United States National Weather Service, through a program called StormReady. The occurrence of a natural disaster is a major thing in real estate, therefore, insurance companies provide means to ensure your home against events that are considered an “Act of God”.
StormReady is a program sponsored by the National Weather Service, and it was initiated in Tulsa, Oklahoma back in 1999. The fact that this area was experiencing at least one tornado each year since 1950, and several of them were devastating, the need for such a program was necessary. As you probably already know, some cities are facing devastating natural disasters and other cities are known for being safe from natural disasters, but here are some statistics. The US is experiencing on average about 10,000 thunderstorms, 1,000 tornadoes, 5,000 floods, and about 2 deadly hurricanes each year.
Although the program was initially called StormWise, in 2002 the official name and logo came out and StormReady is now a registered trademark of the National Weather Service. By the month of June 2011, there were about 870 counties, 720 communities, 37 commercial sites, 36 government sites and 72 universities that received the recognition. Later on, a TsunamiReady program was instituted as well and communities started getting recognition in that regard as well.
Did you know that Walt Disney World received its recognition in 2006 and that Indian Harbour Beach was one of the first StormReady cities on the East Coast of Florida? But in order to be officially StormReady, a community must:
- Create a functional 24-hour warning point and operation center for emergency;
- Have a system that monitors the local weather conditions at all times;
- Hold community seminars that have the purpose of promoting the importance of public readiness in this type of situations;
- Develop a formal plan for hazardous weather that also includes training sessions for severe weather condition spotters and simulating emergency situations;
- Have a communication system that alerts the public when it receives severe weather forecasts.
Popular Real Estate Terms
The word’s etymology reflects several diverse or seemingly unrelated topics under the same umbrella. As part of everyday discourse, you’ll find the term “omnibus” ...
The definition of property acquisition cost in real estate is the total recorded cost of a piece of real estate after reductions in price, incentives, closing costs and any other ...
To understand what a principal broker is, we have to go back up the family tree of real estate.You do understand all brokers can be real estate agents, but not every real estate agent can ...
Refers to state statues protecting the public against securities frauds of real estate companies. ...
Upon satisfaction of a mortgage or other debt payments, the deed releases property, or a portion of it, form the incumbrance. Often it is used in circumstances where a deed of trust is ...
Subsoil that is beneath the A horizon and above the C horizon of the earth. ...
Person selected by a judge or creditors of a bankrupt individual to handle matters including the sale of the bankrupt's assets, management of the funds from the sale of those assets, ...
Also called profit and loss statement. A financial statement depicting a business entity's operating performance and reports the components of net income, including sales of real estate, ...
To put it simply, acquisitions are a common occurrence in the business world, and they happen to small, medium, and large businesses alike. The definition of acquisition is a company ...
Have a question or comment?
We're here to help.