Tens of millions of Americans living in hurricane-prone areas are witnessing an increase in the frequency and intensity of these violent storms due to climate change. One hurricane, in particular, caused almost $125 billion in damage, and this tendency does not appear to be waning.
According to the Insurance Information Institute, more than 7.1 million houses are vulnerable to hurricane damage. It's crucial to have enough protection in place if your house is at risk. A typical homeowner's policy might not cover the damages caused by a hurricane.
Still, special hurricane plans can help, and they often provide coverage equivalent to a standard policy. To help you get the best storm insurance for your house, we compared many different providers based on coverage, geography, and other factors.
Which Insurance Company Is the Best During a Hurricane?
Since State Farm provides tried-and-true protection for a sizable population, we consider them the best option. State Farm provides insurance to people in all states, including those at high risk from hurricanes (excluding Florida). Policyholders may rest easy knowing that the insurer has been around since 1922 and is consistently ranked well for its financial soundness.
Can a Hurricane Void My Homeowners Insurance?
Check your insurance coverage or contact your provider to see if you are covered. Like the Kin insurance I described before; some do cover hurricanes. However, it would help if you didn't assume that your policy automatically covers hurricanes. For hurricane coverage, some companies have a different deductible than they do for standard windstorm policy. Due to the high potential of these deductibles, it is important to evaluate all policy language well before any hurricane season.
The Finest 2022 Hurricane Coverage
State Farm
State Farm, unlike many insurers, is likely to cover you no matter where you live, including hurricane-prone states like Texas and Louisiana, though not Florida. Established in 1922, State Farm has always received high marks for its financial stability and operational success, making it a reliable insurance provider for many needs.
State Farm requires customers to purchase their basic homeowner's and a separate hurricane insurance policy if they want to be protected from storm damage. The National Flood Insurance Program provides access to flood protection. The company's size means it has agents throughout the country.
Kin
The insurance company Kin was established in 2016. Despite only offering policies in California and hurricane-prone Florida, Kin ensures that all homeowners provides the option to add flood insurance as a rider to the same policy.
For those who want to handle their insurance business exclusively online, Kin is an excellent option. You could be disappointed if you're used to the personalized service you get from huge, agent-based insurance companies. It is not rated by any major consumer or financial rating organizations.
Lemonade
There are alternative options, if you'd rather do everything digitally. When you add Lemonade to your homeowner's insurance, you get coverage for more than just your house; you also get coverage for other structures, personal property, and loss of use. Your hurricane deductible quote will be provided at the time of application.
Hurricane wind damage to your home and belongings is covered by insurance as long as you agree to a hurricane deductible. The website and app do a wonderful job of guiding you through evaluating your property insurance needs and selecting appropriate coverage. Claims may be processed more quickly via an automated system, but you may always phone and speak to a real person if you'd like.
Suppose you own a single-family house or a condo, although a smaller insurer, can provide you with enough storm coverage. Car insurance, pet insurance, and renters insurance are also available. Pricing reductions apply to multiple purchase bundles. Regarding fiscal security, Lemonade has an A from rating agency Demotech. 6 J.D.
The Verdict
If you reside in a region that has a high probability of being hit by a hurricane at some time in the future, then it is imperative that you get enough hurricane insurance. It is likely that you will be able to locate anything that satisfies your needs to a satisfactory degree.
Because of the company's long-standing reputation, stable financial position, and cheap rates, we strongly recommend that you start your search with State Farm because of these factors. If you do not insure your home, you run the risk of losing all you own.
