Hurricane Insurance

Understanding Hurricane Insurance


Good hurricane insurance is made available to pay for the many expenses that homeowners will face if having to go through a hurricane. This protection covers homes and other permanent (or even mobile) structures. Note that a claim may only be filed after a hurricane has been officially recognized by the proper weather agency.

Who is Helped

Hurricane insurance is designed to provide financial security for those who own homes in regions that are considered as high risk for both hurricanes and less severe tropical storms. Various types of residential properties can be protected including single-family homes, multi-family homes, apartment structures, condominiums and more. In order to use such insurance (and to make a claim), an individual has to show official proof of ownership of the covered property.

How it Operates

The insurance companies that provide this kind of coverage will often perform in-depth studies of the weather patterns in specific regions under consideration for coverage. Homes that live along coastlines are known to be at higher risk for hurricanes. Should such an extreme weather event strike an area, policyholders may file a claim for property damage and other consequential costs. Keep in mind, though, the insurance company will need to confirm the hurricane event by looking into the stats from the national weather authority.

Kinds of Coverage

Insurance for hurricanes pays for the rebuilding, repair and even replacement of homes, garages, sheds, pool houses, gazebos and other similar covered structures that are damaged by such severe storms. The interior of damaged building can be refurbished with the compensation from this insurance coverage. In the aftermath of a hurricane, driveways and landscaping will often need attention as well and with this insurance protection, one can often obtain the funds necessary for the refurbishing of the insured’s property.

Good Benefits

Between 1996 and 2015, insurance companies provided well over $150 billion in coverage for losses as a consequence of hurricanes and other severe storms. It is therefore obvious t how this insurance provides a wide variety of financial benefits for those who reside in coastal zones. While living with the threat of hurricanes, individuals who obtain this insurance protection can obtain priceless peace of mind in knowing they are financially protected.