Who Needs Wind Insurance in Florida?

If you are a residential or commercial property owner in the Sunshine State, you have probably been exposed to severe weather that caused significant damage in your area. You may think your current property or homeowner’s insurance policy covers losses due to storms, but most insurance policies, especially for structures in an area with higher storm risk, do not extend to storm damage. Wind insurance in Florida is worth the added expense for better protection.

What is a Windstorm?

In Florida, a windstorm is usually considered to be a tropical storm or hurricane, but other significant weather events would also fall into this category. Severe thunderstorms, tornados, and hail storms would all be considered windstorms, and all of Florida is at risk for any of them.

What Coverage Options Exist?

Wind insurance in Florida is usually offered as a rider on an existing policy. Deductibles can be based on different plans, including as a percentage of the damage expenses or “all perils,” which may be a better value.

Is This Insurance for You?

Homeowners are not the only ones who would benefit from wind insurance in Florida. Commercial property owners would do well to consider it, especially if they own:

  •  Institutional buildings, such as schools and hospitals
  •  Industrial or manufacturing facilities
  •  Retail commercial property
  •  Multifamily dwellings

The best way to make sure you are adequately covered is by speaking with your agent. Insurance agents are always willing to provide a comprehensive review and adjust your plan accordingly.

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