Definition - What does Windstorm Hazard mean?
Windstorm hazard refers to the risk that strong winds will damage a property during such weather conditions as a tornado, hurricane, or hail storm. Most homeowners' insurance policies do not cover windstorm damages because one strong storm can damage many properties at the same time and create too large of a loss for the insurance company.
Insuranceopedia explains Windstorm Hazard
Insurace companies may offer windstorm coverage as a rider to a homeowners' insurance policy or as a separate windstorm insurance policy. However, in some high-risk areas, private insurance companies refuse to cover windstorm hazard. In these areas, a state government agency usually sells windstorm insurance policies to make up for this lack of coverage.
How Well Do You Know Your Life Insurance?
The more you know about life insurance, the better prepared you are to find the best coverage for you.
Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.