Floods are often the most damaging part of a hurricane. If your property is located in a high-risk flood area, your mortgage lender might even require that you purchase flood insurance. There are two sources for flood insurance: The majority…
A deductible is the amount subtracted from an insurance claims check. Hurricane insurance deductibles are often set as a percentage of the dwelling coverage. These percentages typically vary from 1% to 5%, according to the Insurance Information Institute. A common…
If you live in a region that gets hurricanes, you’ll want to make sure you have the right combination of insurance policies to cover damage. In many coastal areas, a standard homeowners insurance policy won’t help with any hurricane damage.…
