If you live near the coast and don’t have windstorm insurance, you might want to consider purchasing it. If you’re planning to get windstorm insurance, here’s what you need to know.
Windstorm insurance is a property insurance plan that covers your home and belongings when damaged by wind or hailstorm.
Typically, windstorm insurance also covers the damage caused by rain. However, know that this coverage is only applicable if a windstorm or hail flurry damages your roof or wall, which caused the rain to enter your home.
How Much Does It Cost?
Just like other insurance policies, the premiums of windstorm insurance depend on various factors. Typically, insurers consider your home’s age, condition, coverage, and location.
Generally, windstorm insurance is more expensive in coastal areas. However, if you live in an area often hit by a tornado, expect that premiums are also costly. You should even know that Tornado Alley states generally pay for more expensive premiums than coastal states.
Why Do You Need It?
Now, you might be asking why you need windstorm insurance. There are many reasons to acquire it, but here are some reasons why you need windstorm insurance.
- If you have homeowners insurance covering property damage caused by wind and hail, you don’t need windstorm insurance. However, if that’s not the case, getting windstorm insurance is beneficial.
- If you’re on a mortgage, it’s very likely that your lender will require coverage on wind and hail damage. Typically, lenders require coverage on all perils, so it’s best to get windstorm insurance to be sure.
- Coastal areas are generally high-risk against wind damage. If you live in a coastal area, it’s best to acquire windstorm insurance for protection.
Although not required, windstorm insurance is an excellent investment that protects your properties against wind damage. And while windstorm insurance can get expensive, the protection it gives your properties can be priceless.
At Brad Spurgeon Insurance Agency Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (409) 945-4746 or Click Here to request a free quote.