The National Hurricane Center named the first storm of this hurricane season before the season officially begun. Last month, Alberto was declared a storm a few days prior to the commencement of the June 1 season. A very active storm season is highly expected, so it’s important to know about the benefits and importance of hurricane insurance for properties surrounding the Gulf and Atlantic Ocean.
Does my property insurance cover storm-related damages?
Homeowners insurance will provide for some damages from hurricane winds. However, the general deductible for hurricane related damages is different from your average property insurance deductible. Typically, this deductible is in the form of a percentage ranging from 1-5% according to the Insurance Information Institute.
