Yes, Hurricane insurance covers flooding. Actually, Homeowners, flood, and windstorm insurance is combined together and called Hurricane insurance. So, if you have the above 3 insurances or flood insurance alone then flooding will be covered under your policy.
The recent hurricane IAN has caused devastating damage in Florida. As a homeowner, a question might come to your mind, will insurance cover the damages caused by the hurricane?
Well, it’s a complicated question. But don’t worry.
I’ll explain it in this post on Does Hurricane Insurance Cover Flooding? Moreover, I will also cover topics like What is covered under hurricane insurance, does homeowners insurance cover hurricanes, and many more related queries. So, stick here.
Does Hurricane Insurance Cover Flooding?
The answer is a bit more complicated than a simple yes or no. Because there is no such thing called Hurricane Insurance. But in the coastal regions homeowners, insurance and flood insurance are combined together and called Hurricane Insurance. If you have this insurance then flooding will be covered.
Generally, every homeowner or renter holds homeowners or renters insurance. This is a must-have and in most mortgage loans it’s included in the monthly mortgage payments.
However, in hurricane-prone areas such as Florida, Texas, and Louisiana, most mortgages include flood insurance with the existing homeowner’s insurance. Some even include windstorm insurance. All these insurance together is called Hurricane insurance.
So, if you have hurricane insurance then flooding will be covered under that.
Now let’s find out, what does hurricane insurance cover?
What Is Covered Under Hurricane Insurance?
Normally, any type of damage caused by a hurricane is covered by Hurricane Insurance. Damage such as blown off roof, flooding, or any particular damage only to your house will be covered and the insurer will help you rebuild the house.
Hurricane insurance is a combination of homeowners, flood, and windstorm insurance. As these three insurance covers different types of damages. So, hurricane insurance will cover
- From the homeowner’s insurance part, it will cover damages to the structure of the home, and some of your personal belongings. Some even provide living expenses in case you are disabled or leave your home during the hurricane and your home isn’t livable when you return.
- The flood insurance will cover any damages done by flooding. Such as any water damage, washed-off property of your home, etc.
- The windstorm damage will cover damages caused by the strong wind like the roof being damaged or blown away, house damage due to strong wind, etc.
In general, the above-mentioned damages are covered by hurricane insurance. However, the coverage might vary depending on your state and insurer. So, read your insurance policy to find out what is covered under your particular insurance.
Is Hurricane The Same As Flood Insurance?
No, hurricane insurance and flood insurance are not the same. Here hurricane insurance is a combination of homeowners and flood insurance. But Flood insurance is totally different and only covers damages caused by a flood.
Many people assume that hurricane insurance and flood insurance are the same, but they are actually two different types of insurance.
Hurricane insurance is insurance that covers damage caused by a hurricane. It is basically a combination of 3 insurances. This type of insurance is usually optional. But must have in coastal and hurricane-prone areas.
Flood insurance, on the other hand, is insurance that covers damage caused by a flood. This type of insurance is sold by The National Flood Insurance Program. They are required in flood-prone areas.
Does Flood Insurance Cover Storm Surge?
Yes, flood insurance generally covers storm surges. The purpose of flood insurance is to save you from any type of damage caused by floods. Storm surge is one such damage. So, it will be covered under flood insurance.
Storm surge happens when water is pushed ashore by a storm, and it can cause significant damage to your property. But if you have Flood insurance then it can help you rebuild your home and your life after a storm surge.
Does Homeowners Insurance Cover Hurricanes?
Homeowners’ insurance usually covers some damage caused by hurricanes. However, damages caused by strong wind and flooding will not be covered.
Homeowner’s insurance policies generally provide some coverage for damage to your property from a hurricane. This coverage may include both damage to your property and valuable belongings.
However, the amount of coverage that you have may be limited. Because it does not cover any flood damage. Moreover, the coverage might be different in different states.
So, it is important to review your homeowners’ insurance policy carefully to understand what coverage you have in case of a hurricane.
What Does Hurricane Insurance Cover In Florida?
Florida hurricane insurance covers damage to your property that is caused by a hurricane. This includes damage to your home and your valuable belongings. But to get the coverage you have to pay a deductible of 1-5% of the insured value.
In case you have hurricane insurance, your insurance company will pay to repair or rebuild your home in Florida. They will pay to replace your belongings, up to the limits of your policy.
Florida hurricane insurance also includes liability coverage in most cases. This means that your insurance company will pay for any damage that you cause to other people’s property. They will also pay for any injuries that you cause to other people.
But Is hurricane insurance a must in Florida?
Is Hurricane Insurance Required In Florida?
In Florida, there is no specific law that requires homeowners to have hurricane insurance. However, most mortgage providers will require you to have some form of hurricane insurance in order to obtain a mortgage.
In Florida, there is no specific hurricane insurance and no law either that requires a homeowner to have hurricane insurance. But most mortgage companies there make a bundle of homeowners, windstorm, and flood insurance together. A homeowner must purchase this to get a mortgage.
Is Hurricane Insurance Worth It?
Yes, hurricane insurance is worth every penny if you live in hurricane-prone areas or coastal areas. Otherwise, it won’t be a good investment.
One of the advantages of having hurricane insurance is that it can help you rebuild your home if it’s damaged or destroyed by a storm. However, the cost of hurricane insurance and deductibles can be expensive. But it’s far better than rebuilding your home on your own.
So, If you live in an area that is prone to hurricanes, it is a good idea to purchase hurricane insurance. If you live in an area that is prone to flooding, it is a good idea to purchase flood insurance.