In the aftermath of a serious accident, no homeowner wants to discover that they don’t have proper insurance coverage to deal with the damage. If lack of proper coverage is the case, this can come as both a shock and a serious financial setback. This is why it’s important to know what kind of insurance you’re buying, as well as what it does and doesn’t cover.
In short, flood insurance and hurricane insurance are not necessarily the same thing. This means you need to read the fine print of your current policy or, better yet, call the insurance policy provider to get more info about what is and is not covered. A quick phone call can help you understand more, including whether or not you live in an area with any flood risk or with the possibility of a hurricane.
When you get a homeowner's insurance quote, there are many different things to consider in that process. You want to make sure that you are purchasing the right kind of insurance coverage and that you have considered some of the most important aspects of potential water damage.
Unfortunately, homeowner's insurance does not necessarily make this easy, leaving many people to ask the question, “Is hurricane insurance the same as flood insurance?” Trying to determine if hurricane insurance is the same as flood insurance is not easy, because in many cases, different types of water damage are not covered under traditional umbrella policies for homeowner's insurance. In most situations, a homeowner will have to separately invest in hurricane or flood insurance as a supplement to their existing homeowner's insurance policy. Unfortunately, too many people find this out after the fact, when they have already been subjected to hurricane or flood water damage. Their homeowner's insurance policy may reject their claim in good faith because it is not covered in that specific policy.
But this is not always the case, which makes it even more important to be able to review whether or not hurricane insurance is the same as flood insurance. If you have already had damages associated with a hurricane insurance claim, it is very important to make sure that you keep on top of the insurance company to verify that they have handled all of the details in a timely manner. If you did indeed have coverage for hurricane damage or for flood damage and the insurance company is failing to keep you up to date or is wrongfully denying your claim, this is an action known as “bad faith.” You are eligible to pursue your own insurance company lawsuit against this company if they are wrongfully denying your claim.