Is tornado damage covered by my home insurance policy?
Although home insurance is not required by law, your mortgage lender will more than likely require you to be insured before financing your home. As a homeowner, you will need this ongoing financial protection and sufficient coverage in the event of a natural disaster, such as a tornado.
Almost three quarters of homeowners say the the biggest threats to their homes are related to the weather. Since 2008, insured losses in the United States due to tornado cause damage totaled at least $ 10 billion each year.
Whether your home insurance covers damage caused to your property by tornadoes depends on your location, the cause of the damage, and the type of insurance coverage you have. Here are some things to consider about tornado insurance.
If you are shopping for a home insurance plan, you can explore the prices and find the right type of insurance that matches your needs on Credible.
Does home insurance cover damage caused by tornadoes?
Home insurance financially protects your home and personal property. Some coverages help pay to repair, replace, or rebuild your home and personal property if damaged by particular perils. Home insurance generally covers damage related to:
- Your accommodation and personal belongings
- Other structures on your property
- Liability for injuries
- Accidental damage to the property of others
When it comes to tornadoes, significant damage can be caused by several different factors such as wind, hail, water, fallen trees, and debris – and should be covered by your home and personal property coverage. .
1. Damage caused by wind and hail
Wind and hail damage is usually covered by a typical home insurance policy. However, if you live in a tornado alley, your provider may require separate coverage for wind and hail.
2. Water damage
Coverage for water damage depends on the cause. Home insurance policies generally do not cover damage caused by flooding. Flood insurance should be purchased separately. If wind-driven rain enters your home, the resulting damage is usually covered by your home and personal property coverage.
3. Damage caused by fallen trees
Strong wind can cause trees to fall and damage your home or other property, which is usually covered. If the tree was dead and rotting before the tornado hit, you might not be covered for removal and damage from the tree.
4. Removal of debris
A passing tornado usually leaves a lot of debris. Most insurers cover the cost of debris removal as long as the damage is caused by a covered risk.
To avoid any surprises, it is essential to check with your insurer that your home insurance covers damage caused by tornadoes. If you are still looking for the right comprehensive coverage, you can explore the home insurance companies on Credible.
What happens if your home is damaged or destroyed by a tornado?
If a tornado damages your home, here are some steps you can take to prepare and file an insurance claim:
1. Document and itemize all damaged goods. Take lots of notes and photos of the damage to your home before you start cleaning and collect all receipts for damaged items. Notify your insurer if you had to move due to tornado damage, as these expenses may be covered. Your insurer may ask you to provide a list of all the items.
2. Contact your insurer as soon as possible to begin your insurance claims process. Give your supplier your policy number and contact details. You will be asked for a description of the extent of the tornado damage.
3. If you need to make temporary repairs due to tornado damage, keep receipts. Document all costs as you rebuild your home.
4. An adjuster will visit your property to document the damage caused by the tornado. Give them a copy of your list and don’t throw anything away until they’ve assessed the damage.
5. Provide your home insurance company with all required documents and submit your claim. Your insurance company may be operating on a first come, first served basis, so it’s important to file as quickly as possible and stay up to date.
6. Find a professional contractor to do repairs to your home. Your insurer should pay up to your limit of coverage if your claim is successful.
You can compare home insurance companies and shop for their plans through Credible.
Is tornado insurance expensive?
Tornado damage is covered by typical home insurance policies and there is no average cost specific to tornado coverage. Claims trends in your area can affect what you pay and depending on where you live, your insurer may require you to pay a higher premium due to the increased risk of damage from a tornado.
Make sure to constantly update your insurance coverage limits to protect against financial loss, especially if you’ve made improvements to your home or purchased new furniture or appliances. You can visit Credible to easily compare your purchases. With Credible Partners, you can eliminate the tedious part of your search.
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