As Floridians, we are used to tropical storms, but every once and a while they become intense enough to make even us worry! There was Hurricane Irma in 2017, Wilma in 2005, and even quite a few unnamed storms that were documented as long ago as 1851.
As far as we can tell, there always have been, and always will be, hurricanes battering our beautiful state. In fact, in recent years hurricanes have even been getting stronger — with each new storm causing more and more damages.
As a homeowner or business owner in the Miami area, you might be concerned about the wellbeing of your property after the next hurricane that enters our area. Luckily, there is a way to protect your home or business, as well as the assets that are associated with them. At Corporate Financial we offer help in finding the best hurricane coverage and disability insurance to the residents and business owners of Miami, Florida.
What Is A Hurricane Coverage And Disability Policy?
Essentially, hurricane coverage is not on its own a real type of insurance, but rather a culmination of other insurance policies that would cover damages to your property in the event of a hurricane. The two most common damages that are reported after a hurricane event are wind damage and flooding. While you would think that these insurances are included in homeowners insurance, they simply are not.
Wind And Hurricane Policies: Why Are They Different?
Due to Florida’s inherent risk for severe tropical storms, there is a difference between wind and hurricane policies. Instead of making you, as a property owner, get two different coverages, there is simply a difference in the amount of the deductible — depending on how your property was damaged.
A hurricane deductible quite simply pertains to damages that were sustained during a hurricane. Some policies base the damage type off of the miles-per-hour wind that the storm generated, and others decide based on of how the storm was classified by the National Weather Service. Because of this, it is extremely important for you to get in touch with us here at Corporate Financial so that we can find you the best policy.