What is hurricane insurance and who needs it?



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Tornado and Hurricane The season is now and if you live in an affected area, you should prepare.

A tornado can cause winds in excess of 300 miles per hour, and hurricane winds can exceed 200 miles per hour. Although wind damage is covered by standard homeowner’s insurance policies, if you live in coastal areas, “tornado alley, “or in some states with frequent high winds, you may need additional hurricane damage insurance.

Hurricane insurance is not a substitute for homeowners insurance – it is an addition to your homeowners policy.

Both tornadoes and hurricanes cause wind and hail. Wind and hail named insurance risks in standard homeowners policy. However, most insurance companies require an additional hurricane rider and a separate deductible if you live near coastal areas, according to Steve Wilson, senior underwriting manager at Steve Wilson. Hippopotamus insurance

If you live in a tornado alley, you may need hurricane shelter. According to National Center for Environmental InformationTornado Alley is “the nickname given to an area in the southern plains — a region from central Texas in the north to northern Iowa and from central Kansas and Nebraska in the east to western Ohio — which experiences a consistently high frequency of tornadoes every year.”

* Available as additional coverage if not part of a policy

** Flood insurance is available through the NFIP and approved insurers.

*** If you live in hurricane or tornado areas, an additional Windstorm rider may be required.

Wilson said hurricane coverage is regional in nature and the allowances will vary geographically. Your deductible is based on a percentage of your coverage.

Additionally, some states require an additional hurricane driver if tropical storms are normal in your area or if you live in coastal areas. Hippopotamus insurance… Some of these states offer hurricane insurance to residents if it is not provided by homeowner’s insurance companies in the region.

States that may require additional hurricane protection include:

  • Alabama
  • Connecticut
  • Delaware
  • Columbia region
  • Florida
  • Georgia
  • Hawaii
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Mississippi
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Texas
  • Virginia

What about mold, water damage and flooding?

Hurricanes of wind and hail can cause damage that can cause mold. Mold takes time and warm weather to grow, so after a hurricane you usually see mold. Mold damage Insurance against insured hazards – such as wind or hail – may be covered by standard homeowner insurance. For example, Wilson said wet insulation could be covered against damage from wind or hail, causing mold.

If the mold is not related named insured hazardMost homeowners’ insurance companies will refuse coverage for mold damage.

Homeowners insurance usually covers water damage to my home, but there are exceptions. Water damage due to flooding is not covered by homeowners insurance and requires a separate flood insurance coating. Windstorm does not cover water damage.

If a heavy storm has damaged your roof, causing rain to enter your home, the roof repair will be covered in storm cover, but according to Hippopotamus insurance

If you live in a high flood risk area, you need to purchase flood insurance. However, due to climatic and weather changes, we are seeing more storms and damage outside of the target flood zones.

Homeowner’s standard insurance covers wind damage. However, if you live in a hurricane or tornado area where high winds are frequent, you may need hurricane insurance as an additional passenger to your homeowner’s insurance. These will be additional costs besides homeowner insurance, and the price will vary by region.

IN average annual homeowner insurance premium in the United States in 2017 was $ 1,211, according to data National Association of Insurance Commissioners (NAIC)

Because hurricane coverage is available in certain areas, quotes are not online. However Insurance Association Texas Windstorm (TWIA) claims the average policy is $ 1,700. Including homeowners insurance, the cost will be $ 2,911.

If you need flood insuranceThis will be in addition to your homeowner and hurricane insurance policy. The average flood premium is around $ 830 per year.

  1. Talk to your insurance company to review the policy and discuss if you have adequate coverage.
  2. Repair and maintain your roof such as loose shingles and gutters.
  3. Remove debris around your home and foundations, such as tree branches and bushes.
  4. If you have early warning for a storm, bring garden furniture into your home and cover your windows.

Rhonda Lee is Associate Insurance Editor at Personal Finance Insider, covering life, auto, homeowner, and consumer tenant insurance. She is also a licensed litigation and insurance advocate.


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