It is estimated that one or two hurricanes hit Miami Dade County every year. When these extreme weather events do make landfall, they barrage the coastal states with heavy rains and high winds that cause severe damage to homes and commercial buildings.
Miami residents should be familiar with the destruction caused by Hurricane Michael in October 2018. This event featured wind speeds up to 160 mph and cost an estimated $25.1 billion in damages across the east coast.
However, it certainly won’t be the last time Miami sees extreme weather on its otherwise sunny shores.
Keeping your home safe from Hurricane damages
There are many ways to reduce the likelihood of your home being damaged during a hurricane. You can cover or brace your windows to prevent rain from entering your home, also you can place sandbags around your home entry-ways to keep storm water out.
However, despite your best efforts, there’s no beating mother nature sometimes. If your home does get damaged by a hurricane or high winds, you may need to spend a significant amount on repairs and recovery. For this reason, it is recommended to carry Hurricane Insurance from a reliable insurance company.
Protect your property in Miami with hurricane and wind insurance
Miami residents should purchase hurricane and wind insurance to protect their homes in the future. After all, the city of Miami has over 791,000 properties that are vulnerable to flooding. This number is greater than that of any other metropolitan city in the U.S.A.
The damage posed by a hurricane can be unpredictable, so you will need a good hurricane and wind insurance coverage to recover your losses following such an event. Let’s look at the various types of hurricane and wind insurance in Miami.
Hurricane coverage is provided as standard coverage in many home insurance policies. The Homeowner’s hurricane insurance covers damage to the property itself and the contents inside. However, Miami residents may need to purchase additional hurricane coverage that comes with a 2%, 5% or 10% deductibles.
Renters Hurricane insurance
If you do not own a property and are renting one instead, your landlord will be responsible for covering any damage that occurs to the building you are staying in. Unfortunately, this means your personal property inside the building won’t be covered by your landlord. In this situation, you will need a separate renter’s insurance policy.
Condo Unit Hurricane Insurance
If you reside in a residential Condominium building, your Association’s master insurance policy should cover any damages that occur to the building itself or so-called common area. All condo residents contribute to this policy through their homeowner’s association fees.
Condominium Association Insurance does not cover any damage the hurricane does to your interior condo. This includes damage to the walls, floors, ceilings, and items within your four walls.
As you can see, there are many reasons to purchase wind and hurricane insurance. Miami residents should ensure their properties to have adequate Hurricane insurance coverage as you never know when a hurricane may damage your properties.
For any questions or you want to check our rates, feel free to call us at (954) 454-9599. We are here to help you!