While all renters insurance policies in Florida cover damage caused by the hurricane to a tenant's belongings, renters insurance is not required by law. Renters insurance isn't required, but it can protect your personal property from damage if a hurricane strikes. It can be difficult to assess where hurricane coverage ends and where flood insurance begins, so let's look at some examples of scenarios. A standard home insurance policy doesn't cover damage caused by storm surge, and hurricane insurance doesn't cover damage caused by storm surges either.
If government flood zone maps indicate that your home is located in a flood zone starting with A or V, you may need to purchase a flood insurance policy. In Florida, hurricane insurance is mandatory for people who own and have a mortgage on homes or condominiums, including homeowners, in the form of a windstorm insurance policy. For flood damage that accompanies hurricanes, you need a separate flood policy or add a flood insurance endorsement to your policy. Since hurricane insurance is included in Florida's home insurance policies, the average cost of hurricane insurance in Florida is already calculated in its premiums.
To be subject to the highest deductible, the damage must be caused by a storm that has been declared a hurricane by the National Weather Service, and the damage must occur between the time a hurricane warning or alert is issued and three days after the warning or surveillance ends. Since many insurance companies include windstorm insurance in their policies when they're purchased, you probably won't have to do anything extra when buying your policy, since hurricane insurance coverage will already be included. In addition, since you can't be compensated for more than your vehicle is worth, if a hurricane destroys it and you owe more on your car loan than the vehicle is valued, temporary coverage insurance can make up the difference. That's why, if you live in a region prone to hurricanes and floods, it's smart to have insurance against hurricanes and floods.
However, most homeowners insurance policies, such as Kin's, do offer coverage for wind damage. By consulting an insurance expert such as a licensed public adjuster, you can get help to ensure that your business is properly covered against any losses that a hurricane could cause. However, the National Hurricane Center must issue a hurricane alert or warning before your policy goes into effect.
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