Insurance ?

[artist]

Does anyone know what hurricane insurance actually covers? I know it does not cover water breaching the foundation - even from the hurricanes surge, so you ahve to have seperate flood insurance and you have to have seperate wind insurance - so what more is there other than water coming in through a broken window or roof blowing off which then is covered under wind damage.

[greeng13]

i thought that wind damage was covered by hurricane insurance...even if a tree gets blown over onto the roof/house/shed/garage/car, etc.. doesn't it cover damage possibly done by the electricity going out? (i.e. a freezer full of meat that defrosts and leaks/spoils all over the floor....)---or is the latter under homeowners? i'm getting confused! too many insurances...hopefully i never have to use them!


after edit...actually i think that is only the case when under a "named storm"?

i've got just as many questions as you artist!

[artist]

yep - don't know if we are being played for fools or what - wouldn't be surprised if we are though!

[wayoutfront]

Does anyone know what hurricane insurance actually covers? I know it does not cover water breaching the foundation - even from the hurricanes surge, so you ahve to have seperate flood insurance and you have to have seperate wind insurance - so what more is there other than water coming in through a broken window or roof blowing off which then is covered under wind damage.

not being an azz, but read your policy..

there many different policies Homeowners , dwelling, flood etc.

and there are endorsements too numerous to even think about.

the key to properly protecting your self is to understand what you want insured and what you want to insure it against

[wayoutfront]

i thought that wind damage was covered by hurricane insurance...even if a tree gets blown over onto the roof/house/shed/garage/car, etc.. doesn't it cover damage possibly done by the electricity going out? (i.e. a freezer full of meat that defrosts and leaks/spoils all over the floor....)---or is the latter under homeowners? i'm getting confused! too many insurances...hopefully i never have to use them!


after edit...actually i think that is only the case when under a "named storm"?

i've got just as many questions as you artist!

1) a tree blowing on your house is covered... the tree itself is only partially covered. There are endorsements that can increase the limits

the meat in your freezer refrigerator is not covered in most cases in a general power outage. BUT there are endorsements that will add that coverage .

[wayoutfront]

yep - don't know if we are being played for fools or what - wouldn't be surprised if we are though!

Only people who buy a policy that don't read the policy and don't know what they are buying are fools.

The policy is a legal contract.. why do people not read them or ask questions when they buy em?

[artist]

wayoutfront - think that was uncalled for-
by the way - if you lose power and lose your food - the electric co. in a lot of places will pay up to so much for it in some places.

also if you have a surge and an item in your home is ruined you can put in a claim for it as well.

[Deb321]

I was hit last year by 2 canes and I think insurance policies vary sometimes on what is covered. In my case they paid a max amount for food we lost from the freezer and refrigerator I think it was around 250.00 We lost 2 large palm trees but they would not replace those. Malibu lighting was lost and they did replace that. Water damage caused from roof damage was covered. Thing is, you don't always have to settle for what they give you. In my case they went ahead and paid us based on what their adjuster estimated but when we had a contractor give us an estimate it was much higher. We called them, they sent another adjuster out and cut us another check. The insurance companies had to use alot of out of town adjusters who really were not familiar with the costs ,ect. and under estimated claims. Anyway, if you are not happy with what they offer stay after them. Also we had numbers we could call if the insurance companies tried to give us the shaft.

[artist]

great post Deb - thanks!

[Deb321]

Your welcome

[wayoutfront]

wayoutfront - think that was uncalled for-
by the way - if you lose power and lose your food - the electric co. in a lot of places will pay up to so much for it in some places.

also if you have a surge and an item in your home is ruined you can put in a claim for it as well.

and you don't know what you are talking about ...

You can't on a homeowners policy , but you can on a flood policy..
thats why people think like this.. they heard from a friend who heard from a friend what they got paid for ..

but never look at their policy or talk to their agent about their policy

By the way thanks for sharing more disinformation.....

[obxicane]

I assumed artist meant "power" surge, in which case he/she would be right.

[wayoutfront]

I was hit last year by 2 canes and I think insurance policies vary sometimes on what is covered. In my case they paid a max amount for food we lost from the freezer and refrigerator I think it was around 250.00 We lost 2 large palm trees but they would not replace those. Malibu lighting was lost and they did replace that. Water damage caused from roof damage was covered. Thing is, you don't always have to settle for what they give you. In my case they went ahead and paid us based on what their adjuster estimated but when we had a contractor give us an estimate it was much higher. We called them, they sent another adjuster out and cut us another check. The insurance companies had to use alot of out of town adjusters who really were not familiar with the costs ,ect. and under estimated claims. Anyway, if you are not happy with what they offer stay after them. Also we had numbers we could call if the insurance companies tried to give us the shaft.

see thats not entriely accurate, but thanks for speculating ....

for example..... material prices have gone up 3% in florida... but labor prices wet up over 300% ... why? because they could? that equates to a square of shingles being installed for abou.t 100 a square is now over 300.. why ....because they can... Everyone in the country whos Insurance rates went up this year , can thank the price gouging of the roofers, and the fraud of many of the insureds in FL,

heres how one of the scam works to raise rates, Deb has a 4000 deductible ....Billy bobs roofing tells Deb we will bill you 10,000, for this 6,000 job.. then give you a rebate of 4,000 bucks at the end of the job.

Then Deb tells her neighbor.. her roof cost 10,000 bucks .. so HER neighbor wants a 10,0000 roof too.


but if the original poster will post his policy type and endorsement numbers, and has a specific question i will anser him

[drudd1]

wayoutfront - think that was uncalled for-
by the way - if you lose power and lose your food - the electric co. in a lot of places will pay up to so much for it in some places.

also if you have a surge and an item in your home is ruined you can put in a claim for it as well.

and you don't know what you are talking about ...

You can't on a homeowners policy , but you can on a flood policy..
thats why people think like this.. they heard from a friend who heard from a friend what they got paid for ..

but never look at their policy or talk to their agent about their policy

By the way thanks for sharing more disinformation.....

Wayupfront, I think it's time to ease up a bit, don't ya think?

First, electrical surge was what was being talked about, not storm surge. Before flaming someone, make sure you are right In fact, I am sure you could find a more positive approach, even if you were right, and someone else wrong.

Second, and this is directed to artist, reading your policy is great, assuming that you can decipher all the obsure language used. I actually had an attorney read over our policy, and you would be amazed at how his interpretation differed from my agents verbal interpretation in certain areas. It is no accident that it is written this way. If you are unsure after reading your policy what is actually covered and what isn't, first go to your agent. If you still feel uneasy, by all means have an attorney take a look. Under no circumstances rely on our advice on this board for an interpretation. While all of us mean well, an error on our part could cost you big.

[jes]

I also think it depends on what state you live in. In Alabama homeowner (at least most) policies do pay for wind damage --- however most homeowners policies have a large hurricane deductable --- I think around 2% of CMV. Luckily mine has no hurricane deductable, but that is rare and my premiums are probably higher. In Florida my company provides a credit for hurricane shutters --- in Alabama that credit is not available. So it all depends on the state you live in.
The person who talked about reading the policy is right, but in my opinion many of the policies are just too confusing. They are pages and pages long and extremely repetitive. I have often said that I wish a retired insurance agent who go into the consulting business to advise what is actually needed and what is "over insuring".