Hurricane Insurance Florida

What is Hurricane Insurance Florida?

Hurricane Insurance is a necessary insurance policy in the State of Florida, policy does cover both residential and commercial properties from damages caused by a tropical storm or named hurricane. A hurricane insurance policy is the best solution to offset hurricane losses and receive compensation for necessary repairs to your home or your commercial properties in Florida.

What does a Hurricane Insurance Policy Cover?

• • Structural Damages – coverage includes whatever damages are done to your building structure, including roof, exterior walls, garage, screen and fence.
  • Contents – Coverage includes Personal items such as furniture, clothing, and electrical equipment.
  • Loss of Use – The policy covers expenses to relocate to a nearby hotel or rental apartment until your property is completely repaired and livable.

What affects the cost of Hurricane Insurance Florida policy?

• • Location of the Property – Where is your property located in Florida and how distant it is measured from the ocean.
  • Rebuilding Cost – What is the estimated cost of your property to reconstruct in the event of major damages.
  • Deductible Choice – how much deductible you’re willing to pay up-front, such as 2%, 5%, or 10% of the policy limit.

IMPORTANT:  Insurance Companies will not issue new policies when a hurricane is imminent, therefore, it is critical to plan early to purchase a hurricane policy.

Why is Hurricane so devastating in Florida?

Most often, due to the warm water from the Atlantic Ocean, Hurricane travels with a high wind of over 100 MPH. In this case, a hurricane knocks out roofs, especially the one with the Joisted-Masonry roof construction, and causes severe water damage and structural damage to your home or your commercial building. Therefore, Insurance companies take the burden of home repairs and help property owner restore their properties to what it was before.

Does Homeowners Insurance cover Hurricane damage?

Yes, homeowners insurance does cover hurricane damage with a deductible option of 2%, 5% of the policy limit.                                                                                      NOTE: If you have a mortgage, most banks have a mandatory requirement to carry hurricane coverage. Otherwise, they force place Insurance on your loan account, and most of the time, it is very costly.

Does Commercial Property Insurance policy cover Hurricane damage in Florida?

Yes, a commercial property insurance policy that includes hurricane coverage does cover windstorm/hurricane-related damages. Property owners have the option to obtain a stand-alone Hurricane Policy. The WIND policy premium is calculated based on your property construction type, how far it is situated from the coastline, property value and usage.

3 Underwriting factors to save money on your Hurricane Insurance Policy?

YES, insurance companies apply additional discounts on hurricane policy for homeowners and commercial properties, due to a few factors:

1. • Age of the Roof – and whether it is updated within the last 10-15 years.
   • Roof type – whether it is a wood-joisted masonry or flat cement roof, or modified bitumen roof.
   • Opening Protection – discount is available if your property is equipped with metal shutters or impact-resistant windows.

How much does Hurricane Insurance cost in Florida?

Call G. Zein Insurance Services at (954) 454-9599. We are located in South Florida, we are ready to answer your questions and help you find the best hurricane insurance policy at affordable rates.

ALL INQUIRIES ARE WELCOME.