Is the Cost of Hurricane Insurance Worth It?
By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Is the Cost of Hurricane Insurance Worth It? Hurricane deductibles usually apply only when your home is damaged in a named storm. The Atlantic coast hurricane season lasts from June through November, with the likelihood of storms peaking from August to October. The East Coast and Gulf Coast are most at risk, though damage from wind and rain can extend well inland. Homeowners should assess insurance needs long before a hurricane makes landfall. Most insurers won't issue policies when a storm is imminent. The cost of hurricane insurance depends on a number of factors including where you live, what your house is worth, and how high a deductible you're willing to pay. What's covered by insurance? Hurricane coverage varies by state. In general, homeowners insurance will cover damage from w...
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