Reduce Risk and Insurance Costs With Proper Hurricane Coverage

Hurricane season stretches from June 1st to November 30th every year. Don’t wait until after you have a loss to check your insurance. Review your homeowner’s or renter’s policies before disaster strikes to make sure you have the right hurricane coverage in the event a hurricane hits. Proper hurricane coverage can reduce risk and insurance costs.

Whether you own or rent your home, you can get hurricane coverage for your property through any of the following policies:

• Homeowners insurance: Many home insurance policies include hurricane coverage as standard coverage. However, in some cases, you may need to purchase a special hurricane endorsement that comes with higher deductible amounts. Homeowners hurricane insurance can cover damage to both the structure of your home and the property inside it.
• Mobile home insurance: Florida is filled with communities of mobile and manufactured homes. Because they are not built on a solid foundation, these properties are more susceptible to hurricane damage. Be sure that your policy will cover against heavy winds and torrential downpours.
• Renters insurance: If you rent your home, your landlord is responsible for covering hurricane damage to the building’s structure. However, you will need to cover your personal property against damage by carrying a renter’s insurance policy. 
• Condo insurance: If you live in a condominium, your condo association’s master policy will cover damage to the structure of your building. This is paid for through your HOA fees. You are only responsible for covering wall-in damage. A comprehensive condo insurance policy will provide coverage against hurricane damage to your interior walls, floors, and ceilings, as well as your personal belongings.

Each of these different types of home coverage can also provide you with reimbursement for temporary living arrangements if your home is uninhabitable due to a covered event such as a hurricane. That way, you can afford to stay in a hotel and eat your meals out while repairs to your property are being made. It is imperative that you are aware that home insurance policies do not cover against flood damage, even if the flood is the direct result of a hurricane. Therefore, it is important that Florida residents supplement their home coverage with a flood insurance policy.

Hurricane Insurance in Florida Covers Damage to Your Vehicle

Anyone who has ever lived through a hurricane knows the damage that these storms can do, not only to homes and buildings but also to vehicles. Cars and trucks can be crushed under toppled trees and can be damaged by wind-blown objects. Worse, they can be totaled by floods. The good news is that unlike with home insurance policies, flood damage to vehicles can be covered as long as your car insurance policy includes comprehensive insurance.

Comprehensive coverage is optional, but if you are still paying for your vehicle or are leasing it, chances are good that your lender has required you to include this coverage in your policy. Comprehensive insurance can cover your vehicle against all sorts of non-collision damage such as may happen in the event of a hurricane, fire, or property crime.

Additionally, because you cannot be compensated more than your vehicle is worth, if your car has depreciated in value so much that your car loan balance is greater than its blue-book value, you may also want to consider gap insurance. This coverage can make up the difference if a hurricane totals your car. 

Protect Your Florida Business with Hurricane Insurance

Florida is home to more than two million businesses of varying size and scope. If you are among the many business owners in this state, you will want to be sure that the investment you have made in your company is properly insured against hurricane damage.

• Property coverage for businesses: A standard business insurance policy can protect your business assets with commercial property insurance coverage. This is designed to cover property such as inventory, electronics, tools, and equipment. It can also cover damage to the structure of the building in which your company is housed if your business owns it.
• Business interruption insurance coverage: Hurricanes can cause damage not only to your business, but also the infrastructure that supports it. If there are long-lasting power outages, road closures, or severe damage to your business, you may need to remain closed for weeks, or even months, while repairs are made. If you have included business interruption insurance in your commercial insurance plan, your business can receive a continuation of income until you can resume normal business operations.
• Commercial flood insurance: As with home insurance, flood damage is not covered by business insurance. Since this is a real risk in the wake of a hurricane, it is important that your business also has commercial flood insurance. This coverage enables your business to have up to $500,000 in structural coverage and $500,000 in commercial property coverage rising waters damage your property.

StormPeace: Hurricane Protection for Homeowners and Renters

One thing to note – hurricane insurance doesn’t cover everything. Deductibles are high and you have to go through a lengthy claims process before you receive any money. That’s where StormPeace can help. It can help you pay your insurance deductibles, evacuation expenses, or other losses not covered by windstorm insurance. StormPeace automatically pays you when a named hurricane hits your location. The stronger the hurricane, the greater the payment. 

Getting a policy is simple. There’s no deductible, and the claims process is easy. Money is transferred to your bank account within days after the hurricane.

You don’t have to use credit cards or take out loans during an emergency. Get StormPeace, hurricane insurance protection that gives you the cash you need within days. There’s no deductible and claims are simple. StormPeace is perfect for emergency expenses that aren’t covered by your windstorm insurance, and it’s very affordable at just a few dollars a day.

For a few dollars a day, a StormPeace policy will bring you peace of mind, so you don’t have to worry about significant, unexpected expenses from a hurricane.

What it Covers

• Home Repairs. Completing home repairs not covered due to deductible.
• Removing Debris. Removing debris and fallen trees even if from neighboring property.
• Outdoor Property. Damage to things such as boat docks, sea walls, swimming pool cages, carports, fences, landscaping, gazebos, and light poles.
• Evacuation. Expenses incurred during an evacuation such as paying for a hotel room.
• Electrical. Temporary power restoration.
• Living Expenses. If food spoils, it covers the expense of replacing it.

Contact us today at 407-323-8142 for a free quote. Or fill out our online contact form.