We are experienced and able to check all types of insurance policies to look for any gaps in coverages. If your question is does homeowners insurance cover hurricane damage, then we invite you to call our office & speak with a trusted insurance adviser today. Your call will be answered promptly by someone who is eager to earn your trust, and make sure you are properly insured in the event of a hurricane. Our commitment is to make sure you fully understand the home insurance coverage you have that applies to hurricane damage.
Home Insurance Coverages for Hurricanes
The good news is that home insurance policies have standard coverage to repair your home, and your things if a covered event causes you to have a loss. It’s important to note that you may look at your policy declarations page to see the exact amounts on your policy.
- Dwelling coverage is what rebuilds your home if it is completely destroyed.
- Personal property coverage is what will replace all of the things you own. This includes your furniture, clothing, and anything else not permanently attached to the house.
- Loss of use pays for relocation costs in the event your home is destroyed, and you need temporary housing. Loss of use, or additional living expense coverage, will also provide money for meals when you are forced to leave your home because it’s uninhabitable.
- Other structures covers structures such as barns, fences and other structures not permanently attached to your home.
Hurricane Coverage & Flood Insurance
We want to make sure that you are completely covered against whatever may happen during severe weather. Some careful considerations must be made when attempting to fill in all the gaps. For example, one often overlooked coverage is Flood Insurance. Flood insurance is often overlooked because many believe that a flood will never happen in their area. Statistics prove that most flood insurance claims occur in areas that are out of a typical flood hazard area, or flood zone. Too often people rely on home insurance to cover flooding when rarely it will. Flood insurance is a very important policy to be added which does not normally come attached to a standard home insurance policy.
Hurricane Coverage Deductibles & When They Apply
Home insurance covers damage caused by hurricanes under a separate deductible which can be found on your home insurance dec page. Commonly, homeowners are required to pay a 2% deductible when claiming losses caused by a named storm. This means that before your insurance pays you for damages, you must pay 2% of the dwelling coverage amount listed on your policy dec page. Other optional deductible amounts can include $500, $2500, and 5%. Keep in mind that a lower deductible will typically cause the cost of the policy, or policy premium, to increase. Hurricane deductibles apply when a storm is officially named as a tropical storm or a hurricane. A safe bet is to follow the national hurricane center for information on when storms become named.