Severe storms have the potential to wreak havoc on your property and possessions. However, knowing whether your homeowners insurance policy will foot the bill for repairs and replacements in such situations is crucial. The coverage you receive hinges on the nature of the storm and the resultant damage. Here’s a breakdown of common scenarios and how homeowners insurance might come into play.
Wind Damage
Typically, damage caused by wind is covered by a standard homeowners policy when it is caused by storms like tornadoes, hurricanes, or winter storms. This coverage extends to repairs or replacements of affected areas, such as your roof, siding, or windows, subject to your deductible. However, residents in high-risk areas, like coastal regions, might face limitations or exclusions regarding wind damage. In such instances, securing a separate windstorm insurance policy or a rider to your existing one might be necessary.
Hail Damage
Another prevalent type of storm damage, hail damage, is generally covered by standard homeowners insurance. Whether it’s dents on your roof or broken windows, your policy might cover the costs of rectifying or replacing damaged items minus your deductible. Some insurers might impose a separate deductible for hail damage, potentially higher than your standard one.
Flood Damage
Unlike wind and hail damage, flood damage resulting from storms like hurricanes or heavy rains isn’t typically covered by standard homeowners insurance. This encompasses structural damage, flooring, furnishings, appliances, and personal effects. To safeguard against flood damage, securing a separate flood insurance policy from entities like NFIP which is the Natinoal Flood Insurance Program or through a private insurer is imperative. These policies come with distinct deductibles and coverage limits, necessitating a clear understanding of what’s included.
Rainwater Intrusion
A standard homeowner policy typically covers rainwater entering the home due to wind-induced damage. For instance, if wind lifts your shingles, allowing rainwater to seep in, your policy will likely cover the shingle damage and any resulting interior damage caused by the rain.
Lightning Damage
Lighting damage during storms, such as fires or electrical surges, is generally covered by standard homeowners insurance. This coverage encompasses repairs or replacements of the affected property, alongside potential coverage for alternative living arrangements if your residence becomes uninhabitable due to lightning damage.
Earthquake Damage
Standard homeowners insurance doesn’t typically cover earthquake-related damage arising from seismic activity or volcanic eruptions. This includes structural issues like wall cracks, foundation damage, or broken pipes. To safeguard against such eventualities, obtaining a separate earthquake insurance policy or rider is advisable, albeit with its own set of deductibles and limitations.
Notify Your Homeowners Insurance to File a Claim After a Storm
In the event of storm damage, promptly notifying your homeowner’s insurance provider is crucial for initiating the claims process. An adjuster, who will be assigned to you, will help to evaluate the damage and estimate repair costs. It’s essential to document the damage thoroughly with photographs and videos and retain receipts for any related expenses. Additionally, you might be eligible for ALE coverage, which is Additional Living Expenses, in the event that your home becomes uninhabitable during the repair.
Tips to Facilitate the Claim Process
- Familiarize yourself with your policy’s coverage details.
- Cooperate with your insurer and adhere to their instructions.
- Keep records of all communication with your insurer and adjuster.
- Don’t make any permanent repairs until you have had your claim approved.
- Seek clarification if you’re uncertain about any aspect.
- Contest the settlement offer if dissatisfied.
While homeowners insurance may cover storm damage under certain circumstances, it’s essential to understand the specifics of your policy. Some types of storm damage necessitate additional policies or riders for adequate coverage. Before a storm strikes, reviewing your policy and contacting your insurer promptly in the aftermath can ensure you receive the necessary assistance.
