Why is it Important to Have Home Insurance for a Hurricane?

Why is it Important to Have Home Insurance for a Hurricane?

It is a common misconception that people can purchase “hurricane insurance.” In reality, there is no such thing. However, there are a combination of insurance policies that can be purchased in order to protect your home from hurricane damage in the state of Florida. A standard homeowners policy usually covers the damages caused by a hurricane with the exception of flood and sometimes wind coverage. It is because of this that both homeowners insurance and additional insurance should be purchased. Continue reading below to learn more and contact an experienced Florida hurricane claims attorney for help filing a claim.

Why do I Need Additional Insurance for a Hurricane?

When a hurricane hits, it can cause severe damage to a home. It is because of this that it is important to have the proper coverage to take care of these damages after the fact. A homeowners insurance policy can help to cover these costs. However, having just a homeowners policy may not provide enough coverage. This is because when a hurricane hits, it often brings a significant amount of wind and water damage. If flood or windstorm damages are not covered in your homeowners policy, it can make filing a claim complicated. It is because of this that it is important to also have a good flood insurance and windstorm insurance policy if necessary.

What Does Homeowners Insurance Cost?

In the United States, The average cost of homeowners insurance is about $964 per year. In addition to this, the average cost of flood insurance is $672 per year. This makes the average total about $1646 per year to protect your home from a hurricane. In the event that you need additional windstorm coverage, this may cost several hundred dollars extra as well. 

It is important to know that the cost of homeowners insurance can vary depending on a variety of different factors. This can include the value of your home and where you live. For example, the state of Florida is considered a hurricane-prone region. It is because of this that it can increase the cost of your flood insurance. 

Contact our Firm

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

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