Hurricanes and Insurance Nightmares: Why Reviewing Your Policy Matters
Hurricanes and Insurance Nightmares
Hurricanes are immense forces of nature. As homeowners, the thought of such a disaster is enough to cause nightmares, and while you have an insurance policy, is it enough to cover the potential property loss? Hurricanes can lead to many problems in your home, such as flooding, roof damage, sewer backup and mold growth. While the high winds of the storm can wreak havoc, the rising waters and storm surges are likely the causes of lasting damage. Unfortunately, many residential owners do not have flood insurance, which means their flood claim may be denied leaving them to cover costs out of pocket. Knowing typical coverages is essential to understanding your needs and future costs.
In reviewing your standard policy, you will find many stipulations and definitions which apply to water damage caused by storms. While many insurers will cover water loss resulting from wind damage or other storm-related issues, they will typically draw the line when it comes to external and natural flooding.
Another cause of damage that is often not covered under a homeowner's insurance plan is mold growth. However, it depends on the size of the infestation and the cause. For instance, if storm winds created a hole in the roof, which led to moisture buildup and resulted in mold, your policy may cover the repair.
High winds are frequent in storms and therefore often covered by standard policies. However, make sure you use shutters and protect your property to preserve your coverage.
While an emergency remediation service in the Friendly Hills,CA, area can help in recovery and recommend preventative measures, like storm shutters, your insurer will need to approve the costs. If flooding caused the damage and you do not have a flood policy, you will have to cover the expenses.
The high winds of a hurricane can cause significant structural and roof damage, which a typical homeowner’s policy may cover. However, a storm surge can lead to flooding, which will likely require a flood claim on a flood insurance policy to reduce remediation expenses. To know what you are protected against, you should review your plan with your insurer.