Storm Insurance

What Does Storm Insurance Mean?

Storm insurance refers to coverage for losses to property and individuals caused by storms. Windstorm insurance is a subset of casualty-property insurance that provides protection for people and property against damage caused by windstorms. This policy is a supplementary benefit and can be added to the main homeowners’ policy for an additional premium. Since standard policies handle wind and storm damage differently across carriers, it’s worth checking what counts as a covered peril in the guide to whether homeowners insurance covers natural disasters.

Insuranceopedia Explains Storm Insurance

Most homeowners’ policies include storm insurance, but some policies do not cover windstorms (such as high winds, hurricanes, or cyclones) or the accompanying risks of floods and earthquakes. Flood damage in particular is almost always excluded from a standard home policy, which is why homeowners in low-lying or coastal areas often look into whether they need flood insurance as a separate purchase. In such cases, property owners in at-risk areas may want to supplement their coverage. Coverage for windstorm and storm-related perils varies a lot between carriers, so it helps to compare quotes from the best homeowners insurance companies before settling on a policy. Since insurance policies vary by location, property owners are advised to review the provisions of their policies to understand the extent of their coverage.