Catastrophe Coverage Types
Time to protect your home and personal property against damage from natural floodwaters? Get flood insurance with the help of an independent insurance agent here.
Your home's structure or dwelling and your personal property or contents need the right protection against fire damage. Learn more about which type of policy can cover you.
Hail can be extremely damaging to several elements of the home. Get matched to all the coverage you need for your home with an independent insurance agent here.
Did you know that most standard homeowners insurance policies don't include earthquake coverage? Find out more about when and why you might need a separate policy.
Does hurricane insurance cover wind damage and flooding, or is this coverage included in your home policy? Learn more about all the protection you need against hurricanes.
Home insurance often covers wind damage from tornadoes, but in some cases, these disasters may be excluded, or your policy may have a separate wind deductible. Learn more here.
Business owners also need enough protection against disasters that don't come from nature. Learn more about how to protect your business with the right terrorism insurance.
If you live in an area with an active volcano, you may need to add a coverage endorsement to your home insurance policy. An independent insurance agent can help.
Did you know that your homeowners insurance might not include coverage for sinkholes? An independent insurance agent can help you add an endorsement to your policy.
Catastrophe Insurance Coverage Types Explained
Wondering which type of catastrophe coverage you may need to add to your homeowners insurance or business insurance policy? Here's a breakdown of each type of catastrophe insurance for your reference.
Flood Insurance
Flood insurance is a separate policy that can be added to your home insurance or business insurance. This coverage protects your buildings and personal or business property against damage and destruction caused by natural flooding.
This can include floodwater from hurricanes, heavy rainfall, tsunamis, flash flooding, tidal surges, and more. Without flood insurance, you'd likely have to pay out-of-pocket to repair or replace your home, office building, and personal or business property that's damaged or destroyed by a flood.
Fire Insurance
Fire is one of the main perils covered by homeowners insurance. Your home insurance policy includes coverage against fire damage to your home's structure as well as its contents.
Depending on your policy, you may also have coverage for additional structures such as garages, sheds, and fences. Your home insurance policy also protects you against additional living expenses that can arise if you must stay somewhere else, like a hotel, temporarily, while your home undergoes repairs due to a covered fire disaster.
Hail Insurance
Standard home insurance policies include coverage for hail damage as well, for your home's structure and your personal property. Additional structures may also be covered depending on your policy.
Further, your home insurance likely includes loss of use or additional living expenses coverage, which can pay for the cost of a hotel room and other related expenses if you must find temporary lodging while your home undergoes repairs for extensive hail damage.
Earthquake Insurance
Unfortunately, many home insurance policies don't include coverage for earthquake damage and other types of earth movement. You may need a separate policy to protect your home, personal property, and additional structures against earthquake damage and destruction.
These policies can also protect against damage caused by landslides, mudflows, and other related disasters. An independent insurance agent can help you get set up with an earth movement policy if you're in need.
Hurricane Insurance
While your home insurance policy likely covers wind and hail damage that can come from hurricanes, it's unlikely to include coverage for natural flooding. Often, you'll need to at least add a separate flood insurance policy to protect your home and personal property against all the elements of a hurricane.
You might also need additional wind coverage, depending on where you live. An independent insurance agent can help you get all the coverage you need against hurricanes.
Tornado Insurance
Many standard home insurance policies include wind coverage. However, in certain areas, like those in Tornado Alley, wind damage is excluded by home insurance, or policies may have a separate wind deductible. If you're concerned about having enough coverage against tornado damage, work together with a local independent insurance agent.
Terrorism Insurance
Terrorism, though not a type of natural disaster, is another type of catastrophe that can be extremely damaging, not to mention impossible to predict. Fortunately, there's a way to get protection for your business against damage and destruction caused by terrorism.
The right policy can help you protect your business's buildings, inventory, equipment, and more. It may also cover temporary closures due to terrorist events.
Volcano Insurance
For homeowners who live in an area near an active volcano, a traditional home insurance policy may not provide enough coverage. You'll most likely need to add a separate coverage endorsement for disasters stemming from volcanoes, such as volcanic eruptions.
Sinkhole Insurance
Sinkholes are a type of disaster that isn't often covered by standard homeowners insurance. But because sinkholes can be extremely destructive, it's critical to ensure you're covered against these catastrophes if you live somewhere that's at risk. You'll most likely need to add a sinkhole coverage endorsement to your policy.