Hurricanes are one of the most destructive types of storms due to the high winds they produce, the flooding they cause, and their immense size. If your home ends up in the path of a hurricane, it could easily end up sustaining tens of thousands of dollars in hurricane damage.
Worse, most homeowners insurance policies don’t provide enough coverage to protect you from these financial damages. Luckily, you can obtain a separate hurricane insurance policy to protect yourself.
What Is Hurricane Insurance?
Technically, there is no one policy called “hurricane insurance.” Rather, hurricane insurance is a category of insurance coverage that provides coverage for flooding-related damage and wind damage. These types of coverage will cost you a small monthly or yearly fee but they are well worth it if you are in an area that gets hit with a lot of hurricanes.
How Much Does Hurricane Insurance Cost?
The cost of hurricane insurance can vary widely. There are a number of factors that insurance providers consider when deciding how much to charge you. Some of these factors are:
- Your location
- Your claim history
- The value of your home
Hurricanes can cause immense damage to your home that likely won’t be covered by your homeowners’ insurance policy. Hurricane insurance can help make sure you are completely financially protected.