The stoplights have been repaired and the debris has been cleared, but many local businesses are still feeling the effects of Hurricane Irma, especially in the hospitality industry, due to continued rebuilding efforts, the public perception that South Florida is not ready for visitors again and the loss of other tourist attractions that draw visitors to South Florida.
Lost income
The adverse effects may also be felt years to come, when visitors decide against scheduling a wedding or other event during the summer months in South Florida. While these losses are difficult to quantify and can only be insured through a defined time period, businesses should ensure they maximize insurance coverage for this lost income.
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