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Home Insurance FAQ

Does my policy cover floods?

The fact is that homeowner insurance does not cover damage caused by flood, and federal disaster assistance is only offered when the president declares a major disaster (which only happens in 50% of flooding situations). Unfortunately, most people do not find this out until it is too late. However, flood insurance is available to protect homes and businesses and their contents in communities that participate in the National Flood Insurance Program.

Does my policy cover hurricane damage?

Yes, your homeowner’s insurance policy will cover damages cause by windstorms. The deductible for hurricane damage can range from 2% to 5% of the insured value of the dwelling depending on the policy. It’s also important to note that this deductible is per occurrence.

NOTE: Hurricane damage is normally covered, but may be rejected in certain situations.

What does the hurricane deductible mean?

This is the amount that you, the policyholder, will have to pay out of pocket. For example, if your home is insured for $250,000 with a 2% wind deductible and has hurricane damages of $50,000.

The amount of the deductible will be 2% X $250,000 = 5,000. The remaining amount ($45,000) would be paid by the insurance policy.

The answers to these FAQs are meant only as a general guideline.
Please consult with your agent for a detailed explanation of these important topics.