Every hurricane season, families across the Caribbean prepare for the winds. Windows are boarded, emergency supplies are stocked, and important documents are secured. Yet one question is often overlooked:
If the storm passes tomorrow, how quickly could you recover financially?
Imagine waking up after a hurricane to find your small grocery shop without a roof. Your shelves are soaked, your refrigeration equipment is destroyed, and your business—the income your family depends on—is no longer operating.
Or picture yourself as a farmer. Months of hard work have disappeared overnight. Your crops have been flattened by hurricane-force winds, your irrigation system is damaged, and there is no harvest to sell. Bills continue to arrive, but your income has stopped.
For many Caribbean families, this is not merely a possibility. It is a reality after every major storm.
Recovery requires more than determination. It requires access to funds when they are needed most.
That is why financial preparedness should form part of every hurricane plan. While traditional insurance plays an important role in repairing physical damage, Flexible Hurricane Protection (FHP) is designed to complement that protection by providing financial support when a qualifying hurricane event occurs.
Because FHP is a parametric insurance product, payouts are triggered by verified wind-speed data rather than individual damage assessments. Once the agreed trigger is met, eligible policyholders may receive their payout in approximately 15 days.
Imagine receiving those funds directly into your bank account while others are still waiting for inspections to begin. That money could help you:
- Replace damaged business equipment.
- Purchase supplies to restart operations.
- Replant crops for the next growing season.
- Pay employees and meet immediate financial obligations.
- Support your family’s essential needs during recovery.
A hurricane may interrupt your livelihood, but it should not define your future.
This hurricane season, prepare not only your home, but also your financial recovery. Speak with your Credit Union or contact CICL to learn how Flexible Hurricane Protection can help you recover faster when the unexpected happens.
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