Home Insurance. Friday , February 23rd , 2018 - 18:10:55 PM
Ms. Worters noted that standard homeowner policies don’t cover damage from floodwaters, even if it is caused by a hurricane’s storm surge. Homeowners must buy separate flood coverage, either through the National Flood Insurance Program or from private companies. There is often a waiting period (30 days, in the case of federal flood insurance) before flood policies take effect. Homeowners who want coverage beyond a standard flood policy can also consider extra insurance, available from excess or surplus lines insurers.
However, if you feel overwhelmed thinking about this and don’t want to risk making a mistake that’ll hurt your property, call a contractor to come over and give his opinion on what needs to be done. A steep slope or difficult soil may make it difficult to level on your own without heavy-duty equipment. The contractor will be able to work with you to ensure the problem is solved, so if you have the money to pay them, it’s a great option to consider.
Loretta Worters, a spokeswoman for the Insurance Information Institute, a trade group, said some insurers include the dollar value of the deductible, along with the applicable percentage, to eliminate confusion. A hurricane deductible is distinct from the deductible for other sorts of damage to the home and usually goes into effect when a storm is categorized as a hurricane by the National Weather Service — or, in some cases, when a storm is named, even if doesn’t become a hurricane. (Some policies have separate windstorm deductibles that apply even for unnamed storms.)
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