car 22-8

What Is Hurricane Insurance?

During hurricane season, you don’t want to worry about whether your home is financially protected. Hurricanes can range in intensity and destruction. If you reside in an area prone to hurricanes, it is an excellent idea to protect your home before the storm hits and leaves you with a destroyed or damaged home.

What Exactly Is Hurricane Insurance?

Hurricane insurance isn’t a specific type of policy. Instead, it is a separate coverage you can purchase that protects your home against the two primary types of damage caused by hurricanes: windstorms and flooding damage. While standard homeowners policies exclude flood and windstorm damage, policyholders looking for hurricane insurance coverage will need to buy a separate flood insurance and windstorm policy.

What Does Hurricane Insurance Cover?

Hurricane insurance covers your home belongings, structures, and extra living expenses in the event of hurricane damage. In addition, the policy will help with:

  • Replacing furniture, clothing, decor, electronics, and other belongings.
  • Helping you pay for additional living expenses if you can’t live in your home.
  • Replacing or repairing your home’s foundation, walls, floors, roof, and built-in appliances.
  • Repairing or replacing other structures on your property.

How Does Hurricane Deductibles Works?

A hurricane deductible is different from the standard home insurance deductible. While your deductible is usually a set amount, your hurricane insurance deductible is a percentage of your coverage. For example, if you have $500,000 for home coverage and a 5% deductible, your out-of-pocket cost for a claim would be $25,000.