Does Homeowners Insurance Cover Tornado Damage? | | Reliable

Our goal is to give you the tools and confidence you need to improve your wealth. Although we receive compensation from our fellow lenders, who we will always acknowledge, all opinions are our own. When paying off your home loan, the total amount will be higher over the life of your loan.
Credible Operations, Inc. NMLS # 1681276, is called “Credible.”

The United States experienced 1,376 hurricanes last year, double the record for climate change, according to the National Oceanic and Atmospheric Administration. With hurricanes increasing in frequency and severity, this is a good time to learn what homeowners insurance covers if your home is hit.

Here’s what you need to know about homeowners insurance and tornadoes:

Does homeowner’s insurance cover hurricane damage?

Yes, home insurance covers hurricane damage. While other natural disasters such as earthquakes and floods require separate insurance policies, hurricanes do not.

Different types of hurricane damage can be treated differently and have different limits, depending on your policy. For example, let’s say a tornado hits your house, and the windows in your backyard shatter.

In this case, your coverage will cover the damage to your windows and any other damage to the home. This damage may or may not be covered by wind damage, depending on your policy.

Learn more: Flood Insurance: What It Does and When You Need It

How to choose a plan to use for hurricane damage

Choosing homeowner’s insurance for hurricane damage and deciding how much you need depends on your financial situation and risk tolerance. While lower limits and higher deductibles can save you money on your policy, you may regret it if you get caught in a hurricane and don’t have enough money to cover it.

Meaning: Homeowner’s insurance is the amount you have to pay before your insurance company pays a premium.

If you live in a hurricane-prone area, keep these types of coverage in mind when looking for a policy:

  • Hurricane insurance: Even if your homeowner’s insurance already covers hurricane damage, you may need more coverage than that. This can be added as a rider to an existing policy, or you can purchase a separate policy entirely.
  • Disadvantages of use: Storms often force people out of their homes for long periods of time. Make sure your spending limit is high enough to cover extra expenses, such as hotel accommodations and meals, while your home is being repaired.
  • Other structures: Tornadoes are natural disasters caused by wind and often damage small buildings. To protect your storage, garages, pool houses, and other enclosed buildings, make sure you have other structures.
  • Exchange rate changes: Many policies take into account the actual value of your property, which can make it difficult to replace it after a hurricane. For example, the actual cost of your bed when you bought your policy 10 years ago is much lower than what it would cost to replace it with a new sofa today. Therefore, consider a policy with a replacement cost to receive the full amount of the damaged goods.
Good to know: Some types of insurance, such as hurricane insurance, have deductibles based on the amount you live in or the value of your home. If you choose a high deductible, make sure you have enough money to cover it if something happens.

Choosing a tornado insurance carrier

In addition to making sure you have the right type of coverage, choosing a carrier that you can afford is important. While a little local insurance may be attractive, consider what happens if every home the carrier serves experiences the same storm.

Making sure you don’t have the same home insurance policy as the rest of your community can help you delay filing a claim, schedule a meeting with an adjuster, and receive a check if it gets worse.

If you are concerned about what your homeowner’s policy covers, sit down with a licensed insurance agent or call your insurance company directly. Someone can help you understand what is written and what is not. Pay close attention to the home insurance deductible on your policy, and don’t be afraid to ask questions about anything you don’t understand.

Need home insurance?
The Reliable Marketplace, which includes Young Alfred insurance, makes it easy to find the carrier and policy that’s right for you.

  • Completely online – Fill out all insurance forms online and shop for home owners without picking up the phone. If you have any questions, Young Alfred offers 24/7 customer support.
  • Save time, money, and effort – Compare quotes from the most reputable home insurance carriers in your area. It’s quick and easy.
  • Data privacy – Your information is kept safe and secure. We will not sell your information to third parties, and you will not receive any calls from us.

Get Insurance Premiums Now

Does homeowner’s insurance cover water damage during a hurricane?

Flood damage is not covered by homeowner’s insurance, even if the flood was caused by a hurricane. You will need to purchase separate flood insurance to protect against flooding.

Most parts of Tornado Alley — the central part of the U.S. where most of the country’s tornadoes occur — are in flood-prone areas. You can check the risk of your house in particular FEMA flood map.

If you live in an area prone to flooding, adding flood insurance policies is highly recommended, and perhaps even required.

See: How Long Does the Flood Wait?

How much does tornado insurance cost?

The average cost of hurricane insurance varies by state. In areas with a high risk of tornadoes, such as Tornado Alley, you can expect to pay more for your price. The average annual cost of a residential policy in the Texas Windstorm Insurance Association, for example, is about $1,750.

Your rate will vary depending on the value of your home, your location, your mortgage risk, your credit history, your income limit, and your income.

If you add on hurricane coverage, flood insurance, or other loss of use coverage, your total homeowner’s insurance premium will be higher.

What about renters insurance? If you are one of the millions of Americans who are renters rather than homeowners, renters insurance can help you if you are affected by a hurricane. Renters insurance is very affordable and can help you replace items damaged in a hurricane.

How to prepare for hurricane damage

If you grew up in a hurricane-prone area, you’re probably used to hurricane warnings and sirens. In most cases, these warnings will not result in a storm.

Constantly facing the same danger without any consequences can lead to apathy around the danger, but no matter how many times you have heard the sirens, you need to prepare more seriously.

To properly prepare your home for a hurricane, follow these steps:

  1. Start the home directory. Keep your things in an easy-to-find place, like a notebook or a document stored in the cloud. If possible, include information about the item, such as the year you bought it, the make, model, and price, and anything else that will help the insurance agent determine its value. Taking pictures can also help.
  2. Keep your belongings. Proper maintenance such as cutting back dead trees and storing any loose items such as trampolines can save your property – maybe even your life.
  3. Find out where to stay. A safe place during a hurricane is a basement or basement with no windows. This could be a central den, bathroom, or bedroom – away from heavy items above you like a fridge or piano. If you don’t have a suitable room in your home, there may be one nearby that you can use for your neighbors or your school. The best time to figure this out is now, before the storm hits.
  4. Create a family emergency plan. Sit down with your family and create a family emergency plan. Be sure to include things like who is responsible for getting children, pets, or family members with mobility issues to your storm shelter. Practice exercising with the whole family so that everyone knows how to do it.
  5. Protect your home from the storm. If your storm shelter is in your home, make sure it has the necessary equipment. This should include a first aid kit, a flashlight, water, snacks, and any necessary medications.
Need home insurance?
The Reliable Marketplace, which includes Young Alfred’s insurance services, makes it easy to find the carrier and policy that’s right for you.

  • Completely online – Fill out all insurance forms online and shop for home owners without picking up the phone. If you have any questions, Young Alfred offers 24/7 customer support.
  • Save time, money, and effort – Compare quotes from the most reputable home insurance carriers in your area. It’s quick and easy.
  • Data privacy – Your information is kept safe and secure. We will not sell your information to third parties, and you will not receive spam calls from us.

Get Insurance Premiums Now

Continue Reading: Does Home Insurance Cover Hail Damage?

Disclaimer: All insurance related services are provided through Young Alfred.

About the author

Rae Hartley Beck

Rae Hartley Beck is a trusted personal finance professional. His work has been featured in Bankrate, MoneyWise, and Investopedia.

read more