What Does Homeowners Insurance Cover In A Hurricane?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA homeowner’s insurance policy covers damage to the structure, loss of personal property, increased living expenses and some medical expenses if the damage is the result of a “named peril.” In some policies, the perils are specifically named, while in others the policy covers everything but the “excluded” perils. In any case, insurance companies have paid enormous sums to assist policyholders who were hit with a hurricane.Answered on May 27, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasOh, this is a great question! This is one of those questions that really requires that you to look at your policy, and the way that it is worded. Many homeowners are in for a shock when they realize that water from the ground surge isn't covered, unless they have flood insurance, or a rider that includes it. Same with wind damage. Often, deductibles are higher when hurricane damage coverage is included, so that might give you an idea if it is covered in your policy. Get with your agent, and see. Depending upon where you live, and the company that you bought from, you may well be covered, but it never hurts to be certain, especially before you need to know. Thanks for asking!Answered on May 28, 2014flag this answer
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