This is probably a question many people along the east coast are wondering today as a major hurricane barrels towards them. One would think that homeowner's insurance would cover whatever disasters are the most common in an area where they insure homes but it turns out that isn't the case! Apparently earthquake insurance is a totally separate policy, homeowner's policies don't cover flooding, tornadoes do seem to be covered by these policies, and only some kinds of hurricane damage is covered by homeowner's insurance.
So the tldr; of this short post is to thoroughly read and understand your homeowner's insurance policy, know what it covers and doesn't cover, and purchase extra coverage for things that are likely to happen but are not covered.
Very good advice. My prayers going up for the people on the coast.
ReplyDeleteDefinitely. I've never had to evacuate before but watching people leave ahead of a huge storm looks pretty scary and tiring!
DeleteWe were living here in AL a while before we got hurricane insurance. We finally got it last year and it's very expensive, but it helps me sleep better to know that we're covered. It's a scary thing watching the radar seeing a big storm like that approach your home. We had a little one come through last week. Luckily it was just mostly rain, not too much wind.
ReplyDeleteGlad last week's storm didn't hit your area too hard--originally it looked like it was a huge storm headed straight towards your area!
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