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 rebuild. 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:
Florida Hurricane Insurance Requirements
It may surprise you to learn that many homeowners policies consider coverage for hurricanes to be standard. However, as a Floridian, beware: 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.
Hurricane Damage Covered by Homeowners Insurance
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 an extra oomph of coverage––whether that be through increased contents coverage or a replacement-cost endorsement for your contents. This provides you the money to replace your damaged or destroyed possessions with the same, or similarly valued, items.
Possible Damage Not Covered by Homeowners Insurance
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.
Flood Damage (Even Resulting from a Hurricane) is Not Covered by Homeowners Insurance
You read that correctly. Even though it’s rather counterintuitive, flood insurance is a completely different 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.
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 long 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.