People who live in the counties along the Texas coast usually have a policy that’s unfamiliar to most homeowners in north Texas. In addition to home insurance, most homeowners in the coastal counties of Texas will also have a separate wind insurance policy. This policy specifically addresses damage to a home caused by high winds normally associated with a hurricane.
Hurricane season started 9 days ago on June 1 and runs for 6 months through the end of November. The National Oceanic and Atmospheric Administration (NOAA) is predicting “active to extremely-active” season. Their predictions include:
There are a number of perils, types of things that can happen to your home, that aren’t covered by your home policy. The same is true for renters, condo and town home policies. One of those perils is flood. Hurricane Sandy, and even Irene from 2011 are great reminders that flooding happens. Damage to your home and even your personal property or contents is not covered if it’s lost or damaged by a flood.
As Hurricane Sandy bears down on the east coast, I’m reminded how important it is to be prepared for a natural disaster. It doesn’t have to be a hurricane that forces an evacuation. The disaster could be a flood (remember what happened in the Midwest last year), wildfires (Texas last year), hurricanes (Katrina, Ike, & Sandy), tornadoes (Joplin, Missouri & Tuscaloosa, Alabama) or an earthquake.
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