With NOAA currently showing no tropical storms developing for the next five days, for those of us who live on the coast this is the perfect time to review your coverage and make sure you know what specific type of coverages you have, what exactly they cover, and—more importantly—what they do not cover. We want to make sure you are prepared for hurricane season if a storm comes to the panhandle.
Be Prepared for Hurricane Season
Being prepared means knowing your insurance and feeling confident with the coverage you have. Not all policies cover all damage. Some policies only cover what are called “named perils,” meaning a type of peril (for example: windstorm, fire, theft, etc.) that is specifically named in the policy. Other policies are “all risk” policies, meaning they cover damage from any peril unless the damage is specifically excluded in the policy. Many "all risk" policies contain dozens of complex exclusions that insurance companies often try to rely on to deny coverage.
Learn About the Different Types of Homeowner's Insurance
You can learn more about the eight different types of homeowner's coverage here.
Flood insurance and wind insurance can be purchased separately from your homeowner's insurance and may cover damages your homeowner's insurance policy does not cover. Flood insurance is available through the National Flood Insurance Program and becomes effective 30 days after purchase, so you should not wait to purchase flood insurance if you do not have it already. You may also want to purchase renter's insurance if you rent your property or additional personal property protection if you have personal property that is more valuable (such as jewelry, art, etc.). After a storm strikes is not the time to learn that all or part of your loss may not be covered because you did not have the right type of insurance in place.
Get a Free Insurance Coverage Review
At Taylor, Warren & Weidner we always offer free insurance coverage reviews with no obligation or cost to you to make sure you understand your coverage and answer any questions you may have about whether certain damages will be covered if a storm strikes. Please do not hesitate to contact us at any time for a free coverage review. (850) 438-4899