Interpreting Windstorm Coverage on Your Homeowners Insurance Policy
A lot of people see their home insurance policy as an all encompassing record that guards their home without considering the danger behind the insurable event. While this is basically true, your home policy in reality has many different deductibles that must be covered for different insurable events. A generally misinterpreted deductible is the windstorm deductible.
Windstorm Coverage and Deductibles
Occasionally winds are powerful enough to ravage your property. These winds create their own series of problems. You could risk buildings, roofs, inside contents, windows and more because of windstorm damage. Therefore, they have their own deductible and limits within your homeowner’s insurance policy. Limits can be imposed on property such as trees and fences. A separate windstorm deductible is typically a portion of the dwelling amount.
Depending on the state you live in and the amount of risk you are exposed to, you might need an additional windstorm policy. To certify that you can afford a policy with adequate coverage you can adjust the deductibles to minimize some of the insurance company’s risk and your premium.