Wind vs. Water: Insurance Coverage for Storm DamageHoward Epstein
The House has approved a flood insurance reform bill (H.R. 3121) that would extend insurance coverage to wind damage, despite the threat of a presidential veto. The House passed the measure, 263-146, on September 27. In a statement of policy, the Office of Management and Budget (OMB) ...
Home insurance policies in some tornado-prone states include a separate wind/hail deductible that would include tornado damage. If you do need to add coverage for wind damage, it should be a relatively simple process. Your agent should be able to guide you through the process to obtain ...
For example, if a tree has fallen on your car, you won't get any type of reimbursement unless you have comprehensive coverage. "Your liability and your collision isn't going to cover any of those acts of nature damage that you might see in these scenarios," said Johnson. "Make sure yo...
Home insurance policies cover a wide range of eventualities and the most common coverages include reimbursement of costs related to: Damage caused by hurricanes and earthquakes Damage caused by and wind storms and floods Injuries to housekeepers and other workers in your home ...
* "State Farm Underpaid on Purpose, Ex-Workers Say" (McClatchy newspaper article by Anita Lee, Aug. 27, 2006): Two sisters who handled natural-disaster claims for State Farm allege that the company purposely underpaid or denied coverage for wind damage. The sisters believed that State Farm ...
Find an Agent Speak to an independent agent about your insurance needs. Get a quote This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued....
Installing features for wind mitigation, since wind damage is very common Responsible Repair discounts are available to those who agree not to sign an "assignment of benefits" form, which gives claims rights to a third party (like a restoration company that may ask to deal directly with the i...
The amount of coverage for property damage or loss should be consistent with the replacement cost of the properties involved, including a home, if applicable.Liability coverageis more difficult to calculate, so business owners should consult a knowledgeable agent or broker, especially one familiar wit...
coverage is for damage caused by wind only. While there is no specific "hurricane insurance," this insurance may refer a a combination of a windstorm policy, flood insurance, and homeowners insurance.