Storm Insurance Information
As a homeowner, you must account for many risks and exposures that could damage your home and property. Unfortunately, many perils, such as severe weather events, may be outside your control and impossible to prevent. However, by educating yourself on the threat posed by these storms and weather-related risks, you may be able to take steps to protect your home financially and limit the resulting losses.
What Is Storm Insurance?
“Storm insurance” may refer to various coverages that can help protect homeowners from financial losses caused by storms and other wind-related events. Different storm-related policies may be suitable depending on the peril a homeowner is interested in covering. Policies can typically be tailored to protect homes damaged by strong winds, hurricanes, tornadoes or other severe weather conditions.
For instance, a standard homeowners policy
may offer some protection for wind, hail and fire damage. In some cases, homeowners insurance won’t provide sufficient coverage for the specific risk, and additional policies may be recommended. Severe weather such as earthquakes, floods, windstorms and hurricanes are generally not covered under a standard homeowners policy; such perils typically require additional policies or endorsement.
Speak with your agent to discuss severe weather that may affect your area. They can help review your policy and make insurance recommendations.
What Does Storm Insurance Cover?
Since there are various types of insurance related to storm damage, coverage can vary. However, the following are some general aspects that may be covered:
- Structural damage—This includes damage to the roof, walls, windows and other parts of the building caused by high winds or falling debris during a storm.
- Contents coverage—Personal property inside the insured building, such as furniture, electronics, and clothing, may be covered.
- Additional living expenses—If your home becomes uninhabitable due to storm damage and you must stay in temporary housing, your policy may cover the additional living expenses.
- Debris removal—This coverage can help cover the cost of removing debris from your property after a storm.
Again, property owners may need to purchase additional policies to ensure adequate protection in regions prone to hurricanes, floods, earthquakes or windstorms, such as coastal areas.
Where Can I Get Storm Insurance?
Contact Transworld Insurance Agency to discuss your insurance needs. We’ve been serving the Virginia, Maryland and Washington, D.C. areas since 1992. We can make policy recommendations based on your specific situation.