What Is Windstorm Insurance?

There are different kinds of insurance, and windstorm insurance is one of the unfamiliar types. By definition, windstorm insurance covers the homes located in coastal areas and secures the properties from natural calamities such as hurricanes. Homeowners residing in Texas and Florida usually include Galveston County Windstorm Insurance in their home insurance.

To know more about windstorm insurance, here is some information to keep in mind.

Legislative Marks

In the year 2009, the state of Texas passed the windstorm insurance that will provide about $2.5 billion of funds for the coverage of calamities. The insurance companies are able to carry the coverage on top of the home insurance they provide. The coverage of windstorm insurance is different from one state to another. It is good to seek your local real estate experts to see the coverage needed for a specific location.

Insurance Coverage

This insurance is mandated by the state, but the coverage is still under the provisions of individual companies. In fact, it is offered in similar manner with other types of plans. There are different ways on how to choose different coverage options. For the properties located in high-risk areas, the insurance companies may be required to include windstorm insurance with their homeowners insurance coverage.

Types of Policy

Just like any other insurance plans, windstorm insurance also has policies to consider. The owner’s possessions and valuable may be included in the coverage. For example, the fences, pools, and the patio can be covered by insurance but only in specific areas. The deductibles are also different from one type to another. Typically, the deductibles range from one to five percent.

Limitations

The windstorm insurance does not cover other properties like vehicles and other valuable items. It is good to determine the coverage under the insurance so you can better know the other insurance you may need.

When choosing Galveston County Windstorm Insurance, be sure to talk to the experts as they know which locations are in high risk area and which ones are not. They can also help you out in your financial obligations and recommend you good rates.