I was reading up on hurricane insurance, and it’s kinda overwhelming. I know home insurance covers some stuff, but there’s flood insurance, windstorm insurance… it’s a lot. Do I really need all that if I’m not in a high-risk area? Anyone here got advice on this?
Totally get it. I’m in a low-risk area, but I still got flood insurance because even a small flood can do damage.
Jesse said:
Totally get it. I’m in a low-risk area, but I still got flood insurance because even a small flood can do damage.
I did the same! Better safe than sorry, especially with how weird weather has been lately.
@topista
Right? A friend got hit by a surprise flood last year, and repairs cost way more than expected.
Don’t forget that standard homeowners doesn’t cover flood damage, so flood insurance is a must if you’re near water.
Palmer said:
Don’t forget that standard homeowners doesn’t cover flood damage, so flood insurance is a must if you’re near water.
Yep, and flood insurance isn’t always that pricey if you’re in a lower-risk area.
@Uma
That’s good to know! I thought it was just for high-risk zones.
Windstorm insurance might be necessary too, especially if you’re in a coastal state.
Merrill said:
Windstorm insurance might be necessary too, especially if you’re in a coastal state.
Yeah, my insurance requires a separate deductible for hurricanes. Coastal living, right?
Anyone know how much hurricane insurance typically costs? Wondering if it’s worth it for a smaller house.
Avery said:
Anyone know how much hurricane insurance typically costs? Wondering if it’s worth it for a smaller house.
Depends on the coverage, but between flood and wind insurance, you could be looking at a few thousand a year.
@Jaden
Good point. Might be worth talking to an agent to get a quote.
FYI, if you rent, hurricane insurance is way cheaper. Flood insurance for renters starts around $99 a year.
Hayden said:
FYI, if you rent, hurricane insurance is way cheaper. Flood insurance for renters starts around $99 a year.
Really? That’s not bad at all! Definitely gonna look into that.
@Riley
Same here! Always thought flood insurance was just for homeowners.