Homeowners Insurance for Hurricane Damage in Florida

Hurricane insurance coverage is as vital to the Florida homeowner as storm shutters that withstand gale-force winds. Those sandbags, batteries, and shutters are must-haves in the emergency preparedness kit, but hurricane insurance coverage alone possesses the power of rebuilding. If the worst happens, and that storm demolishes a home, the right coverage can make all the difference. Here’s what to expect as you consider coverage options:

Does homeowners insurance cover hurricane damage in Florida?

It may surprise you to learn that many homeowners policies consider coverage for hurricanes to be standard. However, as a Floridian, keep in mind that a separate windstorm deductible applies to covered losses. When one speaks of ‘hurricane coverage,’ that is actually what they are referring to – the combination of coverages that add up to full protection. 

This a la carte coverage aspect means that it is important to talk with an insurance professional before choosing coverage. Whatever policy you select, know that the best options cover both the exterior of the home as well as the contents. That takes into account those valuables you hold dear.

What type of hurricane damage is covered by homeowners insurance?

What happens if a tree pushes a divot through your rooftop or the windows shatter (where were those shutters when you needed them)? Your homeowners insurance should cover the damage. Remember, though, that some areas require extra coverage––whether that be through increased contents coverage or a replacement-cost endorsement for your contents. This provides compensation for your damaged or destroyed possessions with the same, or similarly valued, items.

What kind of hurricane damage does homeowners insurance not cover?

Even though hurricanes often bring flooding along for the trip, homeowners insurance does not cover damage from rising surface water. Mold is also not covered by homeowners insurance unless it was added by endorsement and the result of a covered loss. Excess moisture in the air can cause mold, and this is a very real concern when a hurricane hits. 

Does Homeowners Insurance cover flood damage from a hurricane? 

Flood insurance is not covered by Homeowners Insurance. Though it might seem counterintuitive, flood insurance is a completely different type of coverage. Living in Florida, with shrinking shorelines and neighborhoods surrounded by water, it’s essential for your total home protection to elect for flood insurance.

If a hurricane results in flooding, those who elected to purchase flood insurance can rest easy knowing their home and property will be protected.

What is the deductible for hurricane damage in Florida?

All insurance companies are required by Florida law to offer a hurricane deductible option of $500, plus options for 2 percent, 5 percent, or 10 percent of the policy’s dwelling or structure limits. This is not the case if the percentage deductible is less than $500. 

A single season hurricane deductible applies to personal lines and residential property policies. Commercial residential policies, on the other hand, can have separate deductibles for each hurricane incident rather than single season, if they choose.

Every Florida Home Should Have Flood Insurance

We can’t drive this home enough. Did you know that it doesn’t take a major storm for flooding to occur? Homeowners who state that they don’t need flood insurance because they don’t live in a flood zone miss the mark. In Florida, we know that when it rains, it pours. Heavy Florida showers present a very real flood risk.

Protect yourself. Prepare your home against hurricanes and know what your policy covers. Speak with one of our experienced advisors before that storm system appears on the radar. We will break down the intricacies of insurance and make sure you understand what you’re paying for. We’re here to help you weather the storm.

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