Many people view their home insurance policy as a comprehensive document that protects their home regardless of the peril behind the insurable event. While this is true in theory, your homeowners policy actually has many different layers and different deductibles that must be covered for different insurable events. One of the most misunderstood deductible is for hurricanes.
Hurricane Coverage and Deductibles
Hurricanes offer their own set of problems. You could lose out buildings, roofs, inside contents, windows and more as a result of hurricane damage. As such, they have their own deductible within your homeowners insurance policy. A hurricane deductible is typically a percentage of the dwelling amount.
It is important that you do not confuse hurricane damage with flood, as the two fall under different coverage terms. If your home were to lose its roof as a result of hurricane damage and a flood should occur inside the house because of the lost roof, then the damage would be considered hurricane water damage rather than flood damage. If, however, a hurricane should cause a lot of rain which causes your neighborhood and home to flood, the damage would be considered flood damage which is only covered if you have a flood insurance policy. Most and when I say most I mean 99% of home insurance policies don't cover flood damage. Even if you've been told that you're not in a flood zone, flood insurance is probably still available.
Get a free homeowners insurance quote or call 843-556-6232 today.