Does Homeowners Insurance Cover Hurricane Damage?
By living here in Naples, FL, you have a chance to enjoy fantastic weather and wide-open beaches throughout the year. But, the area also comes with a price; truly astounding weather, with sunshine and a light breeze, can turn ugly real quick. A hurricane, just off the coast, can move inland fast and cause devastation. Most often, we have an early warning of any incoming hurricane weather. Still, it pays to be prepared. Your first step in hurricane preparation is having a comprehensive insurance policy for your home and possessions.
There are a number of perils covered under your average homeowners insurance policy. One such instance is wind damage, which is all too common with hurricane weather. Unfortunately, some policies, depending on the provider, partially or fully exclude wind damage coverage. It’s crucial that you read your specific policy’s fine print and speak with your agent.
In some cases, you may need to pay more for hurricane coverage, more specifically, for wind damage. According to the Insurance Information Institute, a separate hurricane deductible is often more expensive than your standard deductible. There are also coverage limits to consider. Again, read your fine print. If you know you need hurricane coverage, make sure the insurance provider includes that in their quote.
Then, you have flood damage caused by a storm surge or rising waters from the hurricane itself. Typically, homeowners insurance policies do not cover flood damage. For that, you require flood insurance. It’s a separate policy that you pay annually. That money is a safeguard. You may not ever need your flood insurance policy for as long as you own your home, or you may need it within the year. It’s one of those things where you’re better off having one in place rather than not.
Hurricane Insurance Coverage
Currently, the biggest insurance provider for major floods and hurricane damage is the U.S. Government. The federal government created the National Flood Insurance Program to cover homeowners where private carriers would not. A government policy typically provides coverage for up to $250,000 for repairs and $100,000 for personal possessions.
When dealing with storm damage, pick up the phone and call Restoration 1 of Naples for 24-hour storm damage recovery and water damage restoration services. You can reach us daily – at any hour – by calling (239) 215-2009!