What Does Florida Hurricane Insurance Cover?

What Does Florida Hurricane Insurance Cover?

Hurricane season runs from June through November every year. As the peak of the season continues, it is important for residents in the state of Florida to be sure they are properly protected in the event that a storm reaches their area. This can be done by checking your homeowners insurance, as hurricanes can wreak havoc and cause extreme damage to a home. Continue reading below to learn more and contact an experienced Florida hurricane claims attorney for further guidance.

What Does Hurricane Insurance Cover?

First off, it is important to know that there is no specific “hurricane insurance.” Standard homeowners policies usually cover damage that is caused by hurricanes. However, it is important to note that they do not cover flood damage. It is because of this that many people need to buy separate flood insurance policies. In addition to this, it does not cover wind damage, mudslides, and power failure.

The state of Florida is one of many that have hurricane deductibles. This is not a flat fee as it may be for other claims. With a hurricane deductible, insurers base it on a percentage depending on the risk of the property. These percentages tend to range from 2 to 5 percent of the home’s insured value. Due to the fact that Florida is a hurricane-prone area, the percentage could reach double digits. It is important to know that Florida has an annual hurricane deductible. This means homeowners will not get hit with a deductible for each storm if their home is damaged in several storms. Instead, once the hurricane deductible is met, the homeowner will only have their regular home insurance deductible. 

Does Renter’s Insurance Cover Hurricane Damage?

Those who rent homes should not expect their landlord’s insurance to cover personal property. Landlords typically get insurance that covers the physical building but not personal belongings. Instead, renters may need renters insurance to cover any damages that occur to their belongings. Unlike homeowners insurance, there is no hurricane deductible for renters. Those who file a claim need to pay their set deductible before their insurance company kicks in money.

Contact our Firm

To discuss your case with our experienced Panama City personal injury attorneys, contact Manuel & Thompson, P.A. today for your free consultation.

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