Home Insurance. Thursday , March 01st , 2018 - 11:35:43 AM
In a year that’s brought potentially unprecedented damage across the United States from natural disasters, consumers surveyed by Clearsurance said they were concerned a natural disaster could also cause damage to their own home. Yet despite 87 percent of respondents expressing concern, very few took action by enhancing their existing insurance policy or purchasing a new one.
Given the number of uninsured and underinsured homeowners during the 2017 natural disasters, there seems to be a disconnect between homeowners understanding their coverage and what their policy actually covers.
Nineteen states and the District of Columbia have hurricane deductibles, according to the institute. Some states — including Alabama, Mississippi and South Carolina — offer a tax deduction for money deposited in special catastrophe savings accounts, to help homeowners set aside funds for their hurricane deductibles. Some policies offer discounts if homeowners use reinforced shutters to protect windows, or use special clips or straps to help secure roofs during storms.
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