While it is not a state requirement in Florida, wind insurance is highly recommended. Some mortgage lenders may require this as a supplemental option for your loan, especially if you are in a coastal town like Venice, FL. There are some benefits to choosing wind insurance, whether your mortgage lender requires it or not.
A wind-pool area is a property just off the coast and is susceptible to the strongest winds coming off of the ocean. If you have a property in one of these areas, you will want to get wind insurance to protect you against damage. Hurricanes hit these coasts with severe winds, and your standard home insurance policy will not cover all of these damages.
If you have a current homeowner policy, you can easily add wind insurance as a supplemental policy. Once you have exhausted the claim amount for damages on your standard policy, you will need funds to cover the rest of the damage. This is where wind insurance steps in and provides financial protection.
Living in Florida, you can have a strong windstorm that comes off the coast. While the winds die down as it moves inland, there is a significant force and damage to the properties upfront. These storms can happen throughout the year and the state. Also, Florida is known to experience more significant storms like hurricanes regularly. In addition to a lot of rain, these storms come with wind that can destroy properties.
If your lender has requested you get a wind insurance policy or want one for peace of mind, contact our agents at Americas Insurance Associates in Venice, FL today for your personal quote and more information.
