Sunday, August 7, 2011
The dreaded "H" word
A hurricane is a tropical cyclone, occurring in the North Atlantic Ocean or the Northeast Pacific Ocean, east of the International Dateline. A tropical cyclone is formed by warm atlantic or pacific waters, and produce high winds and heavy rain. Hurricane season is typically from June 1 to November 30th.
When there is damages from hurricanes, we know that there are two types of damages. The first part is the damage from the high winds. The second part is damage from the rising water of the ocean, or also called storm surge. Some people are only going to have damage from the high winds, and some people who live closer to the ocean are going to have the rising water. Since there are two types of damages that a hurricane can cause, there are two different types of insurance as well. We call this windstorm and flood insurance.
Windstorm insurance covers damages from wind and hail. Flood insurance covers damages from rising water of oceans, rivers, lakes and streams. If you live in a coastal county, these two coverages are very important to have. In fact, here in Texas, if you have a windstorm policy, and live on the beach, it is a requirement to also have a companion flood policy.
Hurricanes can be a very scary storm, because of the damage it causes. However, nothing is more scary than not having the adequate coverage, or no coverage at all when facing a hurricane. Don't wait for the hurricane season to begin to start checking your coverage. Better to be safe, than sorry.