Does Homeowners insurance cover Hurricanes in FL?
Your coverage has to be in place prior to a storm being announced, but yes, you would have wind coverage on an average homeowner’s policy and you would have a “hurricane deductible”, I think the average is 2%. Pull out your policy and check the “declarations” page to see what you are covered for. It’s usually one of the first pages of your policy and the insurer is required by law to spell it out in simple terms on this one sheet . But flood is not included on those policies…….. Here’s the thing with Flood Insurance. You have to buy it separately and it is one price (set by FEMA), so no matter which agent you go to, you are getting exactly the same policy at exactly the same price – no need to shop around, it’s all set by FEMA. Flood Insurance usually starts at $300 and up per year and you pay it all in full up front – no escrowing. I had it for a period of time and then I let it go. For me, it got too expensive (multiple properties). Each policy was $300+ and it adds up, especiall
