Nature and Insurance: Calamities and Your Policy Coverage

Storms and calamities are some of the most destructive forces in the world, and if we are not cautious, they may end up causing a lot of damage to our properties. Indeed, safety measures are put into place to lessen the amount of destruction they may cause our homes.

While not everything can be saved, you will have the chance to protect your valuables, given that you follow all the necessary precautions set in place. This is especially true for those living in common spots for calamities.

With that said, one of the most important ways to mitigate possible expenses after a storm is with the help of home insurance. While a variety of trusted insurance packages may cover almost all types of properties and amenities in the U.S., our homes have some of the trickiest regulations when it comes to their coverage.

If you would like to know more about these insurance policies, we’ve created this quick guide for you. By learning about it, you’ll be able to get compensation to ease up your expenses the next time a storm hits your property:

What Types of Calamities Does My Home and Mobile Home Insurance Cover?

There are quite a few of them, but the ones that are most frequent are the following:

• Tornadoes and hurricanes

• Hail storms

• Lightning storms and damages

• Fallen trees

Notice that most of them are caused by the forces of nature. Now, just because they are mostly out of your hands doesn’t mean that you are not liable for any instances.

The last condition, for example, would be void if you were the one cutting down the tree and not being able to do it properly, causing it to fall on your home. Negligence is often the cause of a void insurance coverage.

What Factors May Affect My Coverage of My Home or Mobile Home?

A couple of factors affect your coverage, but one that will make its mark on your home insurance is your individual policy. If you are investing a high amount every month, then you will also get higher coverage. On the other hand, if you only put a minimum, your compensation after a calamity would be lower than expected.

The amount that you will invest each month is known as a deductible. You may pay for it voluntarily, or have your employer may deduct that from your salary package. This will all depend on the insurance policy that you have signed up for.

What Calamities Are Not Included in an Insurance Coverage?

There are typically only two of them: floods and earthquakes. While they are indeed as destructive as the other types of calamities mentioned above, the truth is that you will need to acquire a separate form of coverage for them both.

The National Flood Insurance Program (NFIP) is responsible for flood coverage and is offered in areas with a high risk of recurring floods. On the other hand, there is also insurance for earthquakes that focuses on fissure-prone areas.

Conclusion

No one ever wants to experience the devastating effects of natural calamities. Yes, there are times when they are unavoidable, but that doesn’t mean that we can’t prepare for them. Aside from the usual safety measures, we can also mitigate the expenses caused by their damages through the correct type of home insurance.

Knowing the coverage details, the type of damages they cover, and those that need their separate type of insurance will help you avoid the almost impossible amount of expenses in the foreseeable future.

If you are looking for the best home insurance and mobile home insurance in Orlando, Florida, look no further than Sanford Insurance Center. Our available coverages range from homeowners insurance to auto and motorcycle insurance. Contact us today—let us discuss all your insurance options.