What You Should Know About Coastal Insurance

To many, living on the coast sounds like a dream come true, but it isn’t all beautiful sunsets and long walks on the beach. Coastal regions are frequently impacted by harsh weather conditions, such as straight-line winds and storm surges, which require careful attention to avoid extreme losses of money, property, and life. Fortunately, coastal insurance can help ease that burden so your dream doesn’t become a nightmare.

What Is It?

Coastal insurance is an additional line of coverage that is not only useful but sometimes required for those living along the coast. Most coastal policies include hurricane, unnamed-storm, and wind deductibles.

What Does It Cover?

When your home is damaged in a storm, your homeowner’s insurance usually covers the cost. If you live on the coast, however, you may need coastal insurance to avoid having to pay for repairs out of pocket, as your home is considered higher risk. It’s important to note that flood insurance is separate, and flood damages will not be covered under most coastal policies.

Who Needs It?

Although it depends on the lender, most homeowner’s policies will not cover the cost of storm-related damages to any home within three miles of the coast. Similarly, deductibles vary by location and proximity to water.

Living on the beach can be a thrilling adventure, but it’s important to consider how it can alter your insurance needs. Coastal insurance helps protect your property and your livelihood when mother nature makes her presence known.