If you own a home, then you probably know how important it is to have homeowner’s insurance. However, most standard homeowner’s insurance policies won’t cover homes with flood damage. This means that you may want to purchase additional hurricane coverage.
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You may think that living in Georgia means that hurricane coverage is unnecessary. However, Georgia has been known to be affected by hurricanes before, including inland hurricanes. It may not happen as often as it does in other states, but it’s better to be prepared for the worst by picking up additional hurricane coverage.
When you purchase hurricane coverage, you’ll have to pay for a separate hurricane deductible. Unlike typical deductibles, a hurricane deductible is usually formulated in a percentage instead of a specific dollar amount – usually between one and five percent of the insured value of your home. This means that if your home is worth $200,000 and you have a two percent deductible, you’ll have to pay $4,000 out of pocket in order to receive the full amount of insurance.
Protect yourself financially by purchasing hurricane coverage. If your home experiences water damage, then be sure to contact us at Parker Young for water damage repairs.