What is windstorm/hail or hurricane insurance? When is it required?
There are hazards for which an investor or bank may require coverage that is not included on traditional homeowner’s policies. These hazards include, but are not limited to, windstorms, hail damage or hurricanes. There are coastal areas, primarily the Eastern seaboard and Gulf Coast, where certain hazards are excluded as standard coverage. If the homeowner’s insurance policy limits or excludes any hazards such as windstorms, hail or hurricanes, then a separate policy covering these natural disasters must be provided.
Related Questions
- My home was damaged by the storm surge from Hurricane Ike. Will my Texas Windstorm Insurance Association (TWIA) dwelling policy provide coverage for damage caused by storm surge or flood?
- Is the house built to the windstorm building code and eligible for wind and hail insurance?
- Is windstorm/hail or hurricane insurance ever required?
