If you're like most homeowners in the United States, you have what is known as a standardHomeowners-3 insurance policy. Those policies tend to cover losses from wind storms, tornadoes and certain other disasters – but not all. Typically, earthquakes, floods and mudslides are excluded and require additional types of insurance.
Two key points to keep in mind regarding wind damage:
1. You should closely examine the dollar amounts of insurance you have for wind and other disasters. You want to ensure you are comfortable with coverage level for each disaster.
2. On the Gulf or Atlantic Coasts, or near there, you may have limitations on your homeowners insurance regarding wind damage. You need to be aware of windstorm/hurricane deductibles by carefully reviewing your policy and discussing it with your insurance agent.
The Insurance Information Institute provides additional information about wind-related damages, noting that insurers may separate hurricane deductibles and deductibles from other kinds of wind. Both deductibles may range from 1 percent to 5 percent of a home's insured value, although in high-risk areas, hurricane deductibles may be higher.
There are two kinds of wind damage deductibles: hurricane deductibles, which apply to damage solely from hurricanes, and windstorm or wind/hail deductibles, which apply to any kind of wind damage. Percentage deductibles typically vary from 1 percent of a home's insured value to 5 percent. In some coastal areas with high wind risk, hurricane deductibles may be higher.
The III lists special deductible rules for 19 states that have special hurricane deductibles: Alabama, Connecticut, Delaware, Florida, Georgia, Hawaii, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia and Washington DC.