Are You Insured for Hurricane Damage?

Do you know if your homeowner's insurance policy would have covered your home had Harvey come our way? The answer depends on the source of the damage and the type of storm deductible to be applied, that is, named storm deductibles, windstorm deductibles, or hurricane deductibles. The distinction between these types of can be worth thousands and even tens of thousands of dollars.

Typically, damage caused by wind, downed trees and power outages are covered. However, flooding caused by rain or surface water is typically not covered.

In Massachusetts, the standard homeowners insurance policy typically covers damage caused by wind, which includes broken windows, roof and interior damage caused by trees or limbs falling onto the home. Tree damage to cars may be covered by your comprehensive auto policy coverage rate.

Flooding, which is defined as any water that rises from the ground or from the sky, is typically not covered by homeowner’s insurance policies. To be reimbursed for hurricane flooding damage, homeowners would have already secured Federal Flood insurance. The average flood premium is about $700 annually, according to the National Flood Insurance Program.

Unlike other types of insurance, flood insurance coverage doesn't begin on Day One. With few exceptions, you must wait thirty days after you first purchase a flood insurance policy before your policy will take effect.

So don’t delay. Call us today to discuss what options are best for you. You know the old saying: Better to be safe, than sorry.