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
(1) Financial ability and soundness of a business or individual to afford the purchase of property. (2) Worth of the dollar in real terms considering inflation. ...
Lender's written statement and accounting for the remaining balance, date of maturity, and interest rate on a mortgage. The lender is certifying this information to the borrower or any ...
Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...
Federal agency within the Department of Housing and Urban Development that provides financing to home buyers, particularly those with little cash or with a need to lower monthly payments. ...
Use of borrowed funds to enhance expected returns. It is anticipated that the investment will earn a return exceeding the after-tax cost of borrowing. ...
An open surface constructed on top of a flat roof. Normally, a railing is constructed on the sides of a deck roof. See also deck. ...
Retail businesses in the same locality having a parking lot servicing them. The center may contain a department store, small retailers, and restaurants. There may also be a movie theater. ...
See quantity survey method. ...
Individual: Adjusted gross income less itemized deductions and personal exemptions. After taxable income is computed, the tax to be paid can be determined by looking at the tax rate ...
Have a question or comment?
We're here to help.