Most home insurance policies cover damage caused by wind and rain caused by wind. Insurance companies may charge a different deductible for wind, storm, or hurricane before paying for damage caused by tropical storms. Whether you only have a homeowner's policy or a home policy and a windstorm policy, coverage may not be enough. A hurricane brings wind and water, but a windstorm policy will only cover you against the wind.
Dealing with the insurance company can become a major hassle if the cause of the damage, wind or water, isn't clear. To avoid this situation, it is also important to have a good flood insurance policy. Homeowners insurance helps pay for additional living expenses if you move temporarily after a covered loss, such as a hurricane. Your policy may reimburse you for the cost of hotel and food expenses while your home is being repaired.
The coverage limit for additional living expenses is sometimes a predetermined amount set by the insurance company, but you may have the option to increase the limits for more protection. Yes, as stated above, homeowners insurance generally covers most types of wind damage. Generally, the home coverage in your home policy will help pay for the repair or replacement of damage to the roof, siding, or windows due to a wind event. Your homeowners policy also includes personal property coverage that can help repair or replace items that are damaged due to a wind event.
Home insurance deductibles can be based on a percentage of the amount of Coverage A (housing coverage) for your home, the amounts of Coverage A and C (personal property coverage) combined, or a fixed dollar amount, so check your policy to find out what your deductible is. A home insurance policy is the first way to protect your home against a hurricane and can be supplemented by flood or windstorm insurance in certain states. Almost every state on the Atlantic coast allows insurance companies to require a separate hurricane deductible. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as approval of coverage, premiums, fees and charges) and policy obligations are the sole responsibility of the insurer.
Home insurers generally don't cover flood damage, so a separate flood insurance policy will be needed. In this case, all wind damage would be included in this policy rather than in the traditional homeowners policy. Be sure to ask your insurance representative to review what is covered and what is not covered in your policy. While hurricane deductibles can be expensive, coverage is essential protection for those in areas at high hurricane risk.
Finding an insurance company that offers better coverage for homeowners and higher policy limits will ensure that you get paid more on a claim. According to the Insurance Information Institute (Triple-I), many insurers offer personal property coverage of 50 to 70% of the insured value of your home. Hurricane deductibles are generally activated by an official hurricane resolution from the National Weather Service, but they may vary slightly by state and insurance company. Depending on the type of policy you have, your home insurance is likely to cover wind damage to the roof of your house.
Hurricane insurance is a combination of insurance policies that you can purchase to protect your home from hurricane damage, including flood, storm and home insurance. Standard home insurance policies can cover your home and most items against wind damage, but it depends on the insurer. Hurricanes can cause devastating damage, and a standard home insurance policy doesn't always cover all damage. .
