With Barry officially being named a tropical storm, it’s worth keeping in mind the damage a storm can cost. While lives are the priority, it’s also important to take into account your property. Do you know what a standard policy does and doesn’t cover?
A standard homeowners policy will protect four primary things: your dwelling or the structure of the home), detached units such as a shed, your personal property, and living expenses should you be displaced. You may find that you need more or less coverage, which means you should know exactly what is and isn’t covered.
Do you know if your policy has a hurricane deductible? Also known as a wind or hail deductible, it involves a percentage of the insured value of your home’s structure. While most policies here in Florida may already include the deductible, you should still make sure that it is indeed there.
Keep a close eye on what isn’t covered in your policy. The exclusions page will give you an overview of things that are not covered. This may include flooding (which typically requires a separate policy), damage due to poor or a lack of maintenance, or a sewer backup.
This information is provided by Miami insurance lawyer Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with an insurance settlement attorney Miami and receive a free consultation We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.