June 16 2015 0comment

Flood and Wind: Preparing your policy and finding an denied insurance claim lawyer

by Alice Mills

Prior to the Hurricane Season it is important to review your homeowners insurance policy to determine if it covers hurricane losses, or if you need a separate hurricane or windstorm policy.This is a vital part of hurricane preparation that many people do not think about until it is too late. If you have trouble settling your claim, it is likely you will need a denied insurance claim lawyer to help settle your losses.

Windstorm Coverage
If your insurance policy does cover hurricane damage, there will usually be a large deductible for such losses. The deductible may range from 2 to 5 percent of the insured value of the property. Other casualty losses not caused by hurricanes are usually covered under a relatively small deductible. In the event that your policy does not cover windstorm damage it is a good idea to invest in a separate windstorm insurance policy that can usually offer similar coverage for competitive rates. Be sure what your policy covers so that you won’t face a denied insurance claim down the road.

Flood Coverage
A flood policy is technically not an insurance policy, but rather part of a the National Flood Insurance Program (NFIP), which is managed by FEMA. The average cost for $250,000 of building insurance and $100,000 in contents coverage is around $350 per year, depending on the location of the property. This is the maximum amount that the federal government will insure through the NFIP.

Additional coverage may be available from private carriers; however, these policies tend to have much higher premiums. Make sure you understand what the premium of your insurance claim coverage will cost.

The strength of a storm has everything to do with the storm surge and wind damage that is sustained by coastal areas, but may not be related to the amount of rain and inland flooding that is associated with a particular storm. In fact, some the highest rainfall totals and worst flooding has been associated with smaller storms that have a greater tendency to move slowly or stall after making landfall.

Inland flooding associated with hurricanes and other tropical storms can be seen hundreds of miles from where the storm made landfall, and poses a real threat to virtually every community throughout the United States.

If you do not already have flood insurance you should consider it. This is the only way to insure that your investment is safe when mother nature attacks. If you need a denied insurance claim lawyer to settle disputed losses, find a reputable attorney that specializes in hurricane and flood claims. The more prepared you are in picking your policies and understanding your coverage, the stronger your denied insurance claim case will be.