Texas homeowners who end up experiencing damage from hurricanes will need to know how to file a claim with their insurance company. Since hurricane insurance claims are much different than insurance claims for things like plumbing issues, you’ll need extra knowledge on the subject. Here are some key things that you need to know about these types of insurance claims.
Homeowners insurance doesn’t cover flooding incidents
Homeowners insurance will only cover damage to your home in the event that water enters through the roof, doors, or windows. Homeowners insurance doesn’t cover damage from flood water that rises up past the foundation of your home. This is considered a disaster, and you’ll need to have the proper type of insurance to get coverage.
Hurricane insurance comes with a higher deductible
Most homeowners are aware of the fact that they’ll need to pay a deductible for their insurance to kick in. This usually ranges around $1,000 per claim. Unfortunately, the deductible associated with hurricane insurance is more expensive. Instead of being a set dollar amount, it’s typically represented by a percentage of the value of what was damaged. A typical range may be from two to five percent.
Your outside-of-home living expenses are likely covered
It’s vital that you read through your entire hurricane insurance policy to see what it offers. Many policies will offer to pay for living expenses for those policyholders who find themselves having to live outside of their home until it is repaired.
Hurricane insurance claims are different than regular homeowners insurance claims. Before you decide to purchase a hurricane insurance policy, you should understand the above topics thoroughly. This will allow you to pick the right policy that will fit your needs depending on where you specifically live in the country.