Hurricane Insurance: The Real Facts

After the events surrounding hurricane Katrina in theThe most costly and deadly hurricanes have always
2005 hurricane season many people in coastal areasbeen associated with large storm surges. In most
are asking themselves if they need to purchaseareas a call to an insurance company will give you the
hurricane insurance. If you are asking yourself thischance to get informed about the costs associated
question, you probably do. There actually isn't anwith flood insurance. The worst case scenario of a
insurance policy designed to cover hurricane damage.outright flood makes it well worth it to become
Most homeowners are cover by their home insuranceinformed about whether or not you are at
policy for wind damage and wind driven rain damage.risk.Between homeowners insurance and flood
Most of the damage that resulted from hurricaneinsurance the damages to your home caused by a
Katrina was resulted from flood damage. Floodhurricane and the associated storm surge will be
damage is not covered under your standardcovered. The insurance company will access the
homeowner's insurance policy. Flood insurance hasdamage and assign the charges for the damage to
been offered by the federal government since 1968your home. It is important to keep your insurance
through FEMA (Federal Emergency Managementrecords somewhere safe during a storm and make
Agency). Most insurance companies in coastal areassure to keep them waterproof. Also make sure to
will package flood insurance in with their homeowner'stake pictures as soon as you can of the damage.
insurance policies.During hurricane Katrina up to 80% ofYour insurance company will need them once you file
the coastal cities in Louisiana, Alabama and Mississippiyour claim. The more information you can provide your
were flooded. Thousands of homes were destroyedinsurance company the faster your claim can be
completely. If you live in a coastal area I wouldsettled and you can get your life back.
recommend looking into flood insurance for your home.