Hurricane Insurance

Hurricane insurance is a type of property insurance coverage that protects homeowners and businesses from damage caused by hurricanes, specifically from wind-related losses. In the United States, hurricane insurance is not a standalone policy, but rather a combination of standard homeowners’ insurance and, if necessary, supplemental coverage such as windstorm insurance and flood insurance, depending on the property’s location and insurer requirements.

Wind Damage: Most standard homeowners insurance policies cover wind-related damage, but in hurricane-prone areas (like Florida or the Gulf Coast), insurers may require a separate windstorm rider or exclude wind damage altogether, in which case a dedicated windstorm policy is needed.
Flooding: Flood damage caused by storm surges, heavy rains, or rising waters from hurricanes is not covered by standard homeowners policies. Homeowners must purchase a separate flood insurance policy, typically through the National Flood Insurance Program (NFIP) or private insurers.
Hurricane Deductibles: In high-risk regions, policies may include hurricane or named-storm deductibles, which are usually a percentage (e.g., 2%–5%) of the home’s insured value, rather than a flat dollar amount.

Hurricane insurance is essential for property owners in coastal and storm-vulnerable regions, where the financial risk of wind and water damage can be severe. It ensures that policyholders can repair or rebuild their homes and recover from losses in the event of a major storm. Because coverage can vary significantly by state, insurer, and property location, it’s crucial for homeowners to carefully review policy terms, understand exclusions, and ensure they have comprehensive protection against all hurricane-related risks.

Information on Other Interactive Brokers Affiliates

Interactive Brokers Canada Inc.

Interactive Brokers Australia Pty. Ltd.

Interactive Brokers Hong Kong Limited

Interactive Brokers India Pvt. Ltd.

Interactive Brokers Securities Japan Inc.

Interactive Brokers Singapore Pte. Ltd.

Bi-Weekly Newsletter

Daily Newsletter

Weekly Newsletter

Weekly Newsletter

Monthly Newsletter