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Since your home is your biggest asset, it’s crucial that you invest in adequate homeowners insurance to protect everything you’ve put into it. However, what’s sufficient coverage for some properties may not be for others. It’s important to carefully assess your unique needs, especially when it comes to the topic of hurricane insurance. Mutual Underwriters offers a wide variety of insurance products to those living in the areas of Honolulu, Waipahu, Maui, Kona, and Hilo, HI. Understanding the kind of devastation that a hurricane can cause, they strongly suggest that both homeowners and renters learn more about this type of coverage.

Below, they provide a few basic points to take into consideration if you don’t already have protection against hurricane damages:

  • Who Needs It: Hurricane insurance is recommended for anyone who resides in a high-risk area. These are regions that frequently experience severe storms. Hurricanes typically aren’t covered under a normal homeowners insurance policy, so this means a separate policy must be purchased to acquire coverage.
  • insuranceWhat It Covers: Some homeowners insurance policies do include coverage for wind damage from hurricanes, but you will have to check your specific plan to see if this is the case. If not, a policy should be put together that includes windstorms and flooding. Make sure you have enough coverage to rebuild your home if it’s destroyed and to cover the replacement of all your belongings if you’re a renter.
  • How Deductibles Work: In many states, insurance companies are allowed to charge special deductibles for hurricane coverage. This is the amount you pay for repairs out-of-pocket when you file a claim before your provider pays the rest. Your homeowners insurance policy will likely have a flat deductible amount, while a hurricane policy will set a percentage based on the home’s value.
  • When to Buy It: If you’re considering buying hurricane insurance, it’s vital not to put it off for too long. There is generally a waiting period before flood coverage will kick in, so you don’t want to get caught in a storm in the meantime. In addition, providers won’t usually modify your coverage if a storm is already in the forecast.

With hurricane season around the corner, it’s essential to start thinking about your insurance coverage and how prepared you would be should disaster strike. Contact the Mutual Underwriters Honolulu location at (808) 532-2888 to learn more, or visit them online to find an office near you. 

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