Hurricane Insurance Policies
A Basic Introduction to Hurricane Insurance
Most homeowners never consider hurricane insurance. It completely slips their mind – until a powerful storm roars through and damages their property and belongings. If you live in an area that is prone to hurricanes, you should consider hurricane insurance. It is an additional expense, but worth the money because it helps you recover following a devastating hurricane.
Hurricanes are common in some areas of the world. And thanks to climate change, hurricanes have been increasing in frequency. This is why you should consider the risks, and make room in your budget for coverage. You should be able to obtain a hurricane insurance rider that keeps the deductible in a range you can afford. Also keep in mind that you can lower the premiums by choosing a higher deductible.
Take a moment to look at your current home insurance policy. Home insurance policies are specific about what they cover. For instance, if your policy doesn’t say it covers flood damage, then it doesn’t cover flood damage. A policy may or may not provide coverage for water damage resulting from specific causes, like a burst pipe or an overflowing pool. Keeping that in mind, some policies might provide coverage for a small part of damage resulting from wind and wind-driven rain, but that would not be sufficient for the aftermath of a hurricane.
The first step is to determine if you need hurricane coverage. If so, then get coverage as soon as possible. Then you are advised to learn the value of your home and belongings. The coverage you get should offer protection for personal belongings and physical damage. Expensive items in your home, such as diamonds and firearms, will likely require additional coverage.
In order to decrease your costs, consider adding wind-resistant roofing, storm shutters, and garage braces. These protective measures can help reduce the cost of your insurance. Find out more by calling your insurance agent today.
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