Rather than waiting for disaster to strike, now is the time to protect your home.
While you may think that your home is entirely protected with fire alarms, burglar alarms, and the deadbolt, there are still some serious exposures. All it takes is one extreme downpour or sudden windstorm to damage your home, not to mention the destruction that floods or tornadoes can bring. Now is the time to evaluate your homeowners insurance to make sure that you’re protected!
Tornadoes, Thunderstorms, and High Winds
Typically, homeowners insurance policies cover these three natural disasters. This means that you’ll be compensated for your losses if a tornado, hurricane, or other windstorm causes damage to your home or the personal belongings inside of it. Keep in mind that you’ll only be covered up to the limits that you selected for your policy. Any losses that exceed these limits will have to be paid out of your funds!
Hurricanes and other windstorms are often accompanied by flooding. In many cases, flooding can cause far more damage to a home and property than high winds. That’s why it’s important to realize that neither homeowners insurance nor a separate windstorm policy will cover flood damage.
Damage from wind, hail, tornadoes, lightning, and fire are commonly covered as part of a homeowners insurance policy. However, flooding is rarely covered. Separate insurance must be purchased. Coverage typically includes basement cleanup and the replacement of items such as boilers, furnaces, hot water heaters, and air conditioners.