If we live in an area where tropical storms are likely, we should consider hurricane insurance coverage. Hurricane Lane is currently hitting the state of Hawaii, and residents are taking safety measures to stay safe and protected. Since this hurricane is already causing flash floods and landslides, the damages it may cause to homes is still unknown.
Being prepared beforehand is extremely important, and such is the case for getting hurricane insurance. Insurance companies do not offer a Hurricane Insurance Coverage Plan as such. We need to review our home insurance plans and make sure we are covered for hurricane damage instead. Furthermore, it is important to understand how natural disaster damage claims work. We also need two understand how insurance companies respond to hurricane wind damage and hurricane flood damage.
Home Insurance and Natural Disasters Damage Claims
It is common for Homeowners Insurance to include coverage for natural disasters damage to some extent. However, it is not the case if we live in a high-risk area. If we do, then we might need to look for additional coverage, either from our insurance company or with another provider. In the case of hurricane insurance coverage, we might have to look for many different policies to stay protected. The two main types of coverage can be for wind damage and flood damage.
Hurricane Insurance for Wind Damage
Coverage for damage caused by strong winds is usually part of a homeowner’s insurance. Some of the events that your home insurance might cover are trees falling on your property and roofs or walls that fell apart. Broken windows by strong winds, heavy rain, and even hailstorms. In most cases, hurricane insurance for wind damage might result in a higher deductible, so we need to double check with our insurance company before purchasing or renewing our plan.
Hurricane Insurance for Flood Damage
The case for flood damage hurricane insurance tends to differ from wind damage. Usually, home insurance won’t include coverage for damages caused by floods, and we would need to buy additional policies. Since floods can be devastating and cause more much damage than heavy winds. This is why hurricane insurance for flood damage tends to be more expensive, too, and also come with several restrictions and limitations. In order for flood hurricane insurance to cover the damages, the water must have come from outside your house and it must have affected a number of properties, too. Also, flood damage coverage won’t replace important documents or currency.
Regardless of the type of home insurance you have, remember to stay up to date with news and recent events, so you can ask your insurance company for the details of your coverage plans. Never leave the questions for later, because it might be too late then.