Windstorm Damage Insurance Claim Attorneys

Windstorms can be a devastating natural disaster, causing extensive damage to homes, businesses, and other structures. As a result, it is essential to ensure that you have the appropriate insurance coverage to protect yourself against such losses. Windstorm coverage is an insurance policy that is specifically designed to provide protection in the event of damage caused by high winds and other severe weather conditions.

Windstorm coverage can be included in homeowners' insurance policies, but the extent of coverage may vary depending on the policy and the location of the insured property. However, in areas prone to hurricanes and other severe weather events, such as coastal regions, windstorm coverage is usually a separate policy or endorsement that is purchased in addition to the standard homeowners' insurance policy.

One of the key benefits of windstorm coverage is that it covers a wide range of damage caused by high winds, including damage to the roof, siding, windows, and other exterior features of the insured property. Additionally, windstorm coverage may also cover damage to personal property, such as furniture, electronics, and appliances, that is caused by wind-driven rain or other related weather events.

Another advantage of windstorm coverage is that it may also provide coverage for additional living expenses if the insured property is deemed uninhabitable due to windstorm damage. This coverage typically includes the cost of temporary housing, food, and other living expenses until the damaged property can be repaired or rebuilt.

It is important to note that windstorm coverage typically has a deductible, which is the amount of money that the insured is responsible for paying out of pocket before the insurance coverage kicks in. Deductibles for windstorm coverage can be higher than those for standard homeowners' insurance policies due to the increased risk of damage caused by severe weather events.

When purchasing any type of homeowners insurance, including windstorm coverage, it’s important to carefully consider whether you are purchasing a policy that will provide you with fair market value of a total loss versus replacement cost, which are very different methods for valuing your home and personal property in the event of a loss. Here are the differences between the two:

1. Fair market value: This is the amount that your property is worth on the open market. It takes into account the age and condition of your property, as well as the current real estate market. If you have fair market value insurance, your policy will pay you the amount that your property is worth at the time of the loss, minus any depreciation.
2. Replacement cost: This is the amount it would cost to replace your property with a similar item in the current market. If you have replacement cost insurance, your policy will pay you the full cost to replace your property, regardless of its age or condition.

Here are some key differences between fair market value and replacement cost insurance:

• Cost: Replacement cost insurance is typically more expensive than fair market value insurance because it provides greater coverage.
• Coverage: Replacement cost insurance provides more comprehensive coverage because it pays the full cost to replace your property. Fair market value insurance only pays the amount that your property is worth at the time of the loss, which may be less than what it would cost to replace it.
• Depreciation: Fair market value insurance takes into account depreciation, which means that you may receive less money for older items. Replacement cost insurance does not take depreciation into account, which means that you may receive more money for newer items.
• Risks: Fair market value insurance may be more appropriate for older homes or items that are not likely to be replaced, while replacement cost insurance may be more appropriate for newer homes or items that are more likely to be replaced.

Ultimately, the choice between fair market value and replacement cost insurance will depend on your specific circumstances and needs. It's important to carefully consider the costs and benefits of each type of insurance and choose the one that provides the best coverage for your property

When purchasing windstorm coverage, it is important to carefully review the policy to understand the extent of coverage and any limitations or exclusions. For example, policies will exclude coverage for certain types of damage, such as damage caused by flooding or earthquakes (Flood insurance requires a flood policy and earthquake coverage commonly requires a rider on your homeowners insurance.  To learn more about homeowners insurance, read our article here). Additionally, some policies may have restrictions on coverage based on the age or condition of the insured property.

It is also important to keep in mind that windstorm coverage is not a one-size-fits-all solution. The amount of coverage needed will depend on a variety of factors, including the location of the insured property, the value of the property and personal possessions, and the level of risk of damage caused by severe weather events.

In areas prone to hurricanes and other severe weather events, it may be wise or even necessary to purchase a separate windstorm policy or endorsement that provides additional coverage beyond the standard homeowners' insurance policy. This can help ensure that you are fully protected in the event of a major windstorm.

When shopping for windstorm coverage, it is important to shop around and compare quotes from multiple insurance providers to ensure that you are getting the best possible coverage at a competitive price. It is also a good idea to work with an experienced insurance agent who can help guide you through the process of selecting the right coverage for your needs and budget. An independent insurance agent can shop multiple companies and get multiple proposals and prices for you.

In conclusion, windstorm coverage is an essential form of insurance for homeowners and businesses, especially in areas prone to severe weather events. It provides protection against a wide range of wind-related damages and can help ensure that you are able to recover from the financial impact of a major windstorm. By carefully reviewing your policy, understanding your coverage needs, and working with an experienced insurance agent, you can ensure that you have the right level of windstorm coverage to protect your property and personal possessions.

Put Montlick's Decades of Legal Experience to Work in Your Claim!

If you or a loved one suffered significant property damage and the insurance company is not treating you fairly, contact Montlick & Associates for a free consultation. Since 1984, Montlick & Associates, Attorneys at Law, has recovered Billions of dollars in financial compensation for our clients. Our attorneys have the reputation, knowledge, and experience, necessary to provide the exceptional legal service that you deserve. Call us 24/7 at 1-800-LAW-NEED (1-800-529-6333) to speak with one of our experienced attorneys.