Hurricanes and tropical storms are infamous for their potential to wreak financial havoc on the areas they strike. These weather events are extremely rare in many parts of the United States, but residents in storm-prone regions should carefully consider getting a hurricane insurance policy to protect their property. This type of coverage is often used alongside other home or flood policies to provide comprehensive financial protection from weather damage.
Types of Damage Compensated by a Hurricane Policy
Most types of hurricane policies protect homeowners from the costs associated with wind or hail caused by a storm. This includes the destruction of landscaping and outdoor structures, as well as the interior and exterior of the house. It should be noted that most of these policies don’t pay for any flooding or water damage, and claims are only accepted if the storm was recognized as a hurricane or tropical storm by the appropriate scientific authorities.
Factors to Consider for Hurricane Coverage
Since hurricane insurance focuses on specific classifications of tropical storms, it is most useful for residents in high-risk areas. Houses within a few miles of the coastline are more readily exposed to damaging winds than those further inland. Since policies generally cover outdoor damages, they are also very useful for homeowners who have valuable external buildings and landscaping features on their property.
The Benefits of Being Insured
For many people, this kind of policy can provide peace of mind and financial security alongside other insurance policies to provide complete home coverage. Obtaining a policy as part of a workplace benefits package can also increase its value and make it an appealing option for some employees. Due to the unpredictable and destructive nature of tropical storms, even residents who live in areas that are only impacted by hurricanes once or twice a decade can gain a lot of benefit from the policy after only one storm.