Hurricane season making you nervous? Many people may have post-Irma jitters after the storm we had in the fall. Worry no more with these tips on how to prepare and understand the protection you have.
- Storm deductible vs All Peril deductible…. There is a difference. Most home insurance policies have a standard “AOP” (All Other Peril) deductible of $500, $1000 or even $2,500. This would apply for damage such as fire, theft, water, etc. The storm or “hurricane” deductible applies to damage directly caused by any named storm. Even if the damage can be proven to be from a spinoff tornado, wind or lightning, the storm deductible applies if it was a result of a named storm. This is typically 2% (but sometimes can be offered at $500), which is calculated from the dwelling coverage amount on the policy. Example: $200k dwelling, hurricane deductible: $4k.
- Flood insurance isn’t always available right away so you have to plan ahead. Most times, there is a 30 day waiting period for flood coverage to be effective. Damage from rising water is covered by a separate flood policy, rather than the home insurance policy. Some may think they only need flood insurance if they’re in a designated flood zone or low lying area but flooding can still happen with heavy rain. If you are not located in a flood zone (per FEMA: https://msc.fema.gov/portal), you can still purchase elective flood coverage and simply wait 30 days for the coverage to be effective.
- Other Structures can add up. This coverage on your home policy is usually 2% of the dwelling amount, automatically included on the policy. This covers things like a fence, shed, workshop, and sometimes a screen enclosure. There are typically endorsements you can add if you need more than the provided coverage. These items are commonly damaged by wind so it’s imperative to be sure you the coverage you need for repair or replacement.
- Storm damage to a vehicle is covered under Comprehensive coverage on the auto policy. This applies for falling/flying objects, wind, rain, water as well as vandalism, theft, fire, glass, contact with an animal, etc. Comprehensive is exactly that… it covers a lot. If you have a lien holder on your car, your lender requires this coverage. Double check to be sure you have it as it’s an important one.
- Helpful hints to prepare your home before a storm approaches: trim any trees or branches hanging over or posing as a threat for damage, tidy up any loose debris in the yard or equipment parked around the house, secure windows with shutters or boards, have your roof inspected to ensure no missing shingles, nails or clips. You can also be certain to have plenty of water, nonperishable food, batteries, flashlights or even a generator and coolers of ice in the event of a power outage.
Follow these steps and rest assured that you’ve done all you can for whatever mother nature sends our way. Contact us at 352-371-7977 or [email protected] anytime you have further questions.