Natural disasters are a threat to your property. A standard homeowner’s insurance protects your home against certain kinds of weather-related related damage. You must read and understand your coverage before filing a claim.
Here’s what you need to know about hurricane damage coverage from a trusted residential roofing contractor.
Four Categories of Homeowner’s Insurance
A standard homeowner’s insurance protects your home’s structure, detached units, personal property and living expenses if relocation is necessary. The limit for personal property is usually a percentage of the insured amount of the property. Some insurance companies provide property coverage of 50 to 70 percent of your home’s value.
It’s also important to know your coverage for living expenses because you may need to relocate for some time after a major weather event. The coverage should pay for your accommodation or hotel while your home is under repair.
Know What’s Not Covered by Your Policy
Your insurer may not pay for a roof repair that’s caused by neglect. Homeowners should be responsible for regularly maintaining their homes and their components. Water damage also requires a separate flood insurance policy. You can purchase insurance through the NFIP if you’re living in a federal flood zone. Other events that require special insurance coverage are earthquakes and sewer backup.
You May Have a Hurricane Deductible
Insurance companies in coastal states include separate deductibles for hurricanes in standard homeowners’ policies. They are usually found on the front of the policy and the declarations page. Hurricane and wind or hail coverage commonly range from one to five percent of the insured value of your home.
Turn to ATD Restoration for superior commercial and residential roofing services. Our team is here to help with roofing projects of any scale. Call us at (864) 729-3970 (Greenville) or (910) 218-2251 (Fayetteville). You may also complete our online form to schedule a free estimate. We serve homeowners in Charlotte, NC.