Considering the Purchase of Wind and Hail Insurance Wind hail insurance can be of great benefit to homeowners who wish to protect their properties from these two destructive forces of nature. Anyone considering such coverage should consider a consultation with BEVCO Insurance.
Both wind and hail are capable of causing great damage to houses and other structures. This is especially true in areas of the country that are susceptible to hurricanes, tornadoes and other forms of violent weather. These areas include Texas, Oklahoma and Kansas, but states as far east as Ohio often experience similar conditions.
After Katrina devastated the American Gulf Coast in 2005, some insurance companies adopted hurricane deductibles into their policies. Based on the same principle, wind and hail deductibles are designed to both limit the damages paid out by insurers and to improve the affordability of their policies. Accordingly, an insurer will not be financially responsible for damage caused by these types of weather phenomena up to a certain amount. The deductible may be a specific amount, such as $2,000, or may be based on a percentage of the cost of a homeowners policy. Wind hail insurance can fill in this gap and pay for damages that would otherwise be part of the deductible.
Those considering such coverage should take into account the risks they face and the rewards it could provide. It could help them rebuild their property after a major disaster, such as a hurricane. It may also prove useful after a more mundane event, such as a hailstorm, which may itself cause serious damage to a house. In such cases, the replacement of a roof could be a costly expenditure, not including the need to replace or repair furniture or other items that were destroyed or damaged after the loss of the roof.
This type of insurance will itself have a deductible that the property owner will have to pay before coverage begins. Additionally, the cost of the policy will vary upon the general and specific location of the house, along with other factors related to the property. Taking everything into account, homeowners may find that protecting themselves with this type of coverage is a wise investment.