North Carolina Coastal Insurance is partnered with multiple insurance companies, allowing us to find you the best coverage and price for your Wind/Hail/Hurricane/Tornado Coverage.
Our partner companies will underwrite the Wind and Hail Insurance Coverage included in the home insurance policy, also known as the HO-3.
The HO-3 policy comes with 125% Replacement Value on Dwelling Coverage and Full Replacement Value on Contents. All Perils Coverage including Fire, Water Damage, Lightning, Theft, and Liability. Plus it includes Wind/Hail/Hurricane/Tornado Coverage in one policy!
Many insurance companies will exclude the Wind and Hail Insurance Coverage from the HO-3 policy, leaving your home and assets exposed to severe weather and the damage that could occur during a storm.
Not being properly insured can leave you without many options in the event of a severe weather event or natural disaster.
Being properly insured will protect you and your assets in the time of crisis. Making sure that the critical component of financial recovery in the aftermath of a major loss to your home is accomplished.
Call NC Coastal Insurance today to ensure you have the best home insurance policy.
We know insurance coverage can be confusing- not knowing what you need, when you need it, and even how to file a claim properly. Here are a few commonn questions and answers for Wind & Hail Insurance:
Wind and Hail coverage is part of the HO-3 policy form. It is sometimes excluded by the primary home insurance carrier and it then becomes a separate policy with the NCIUA.
There are two Deductibles for home insurance coverage- All Perils and Wind and Hail.
The North Carolina Insurance Underwriters Association is a state wind pool that acts as a market of last resort.
When the traditional/primary insurance carrier excludes the Wind/Hail/Hurricane/Tornado Coverage, the NCIUA/NCJUA will provide coverage to complement the primary home insurance policy or HO-3.
A Named Storm is an active weather system that the Hurricane Center names as it becomes a hurricane.
In essence, a "Named Storm" is a hurricane.
The first thing to do in case of a potential claim is to mitigate the problem. Call your local handyman and/or contractor to assess the problem and provide an estimate as to what is needed and the cost to repair.
Take many pictures and keep records of all estimates, contracts, and receipts.
Once you have an estimate of the damage and know that you want to file a claim, call the 24/7 claims department and they will assist you further.
No. Flood insurance coverage is never included in the HO-3 home insurance policy. It is always a separate policy.
All of these counties are at a high risk from windstorm damage, including hurricanes and tornadoes:
Yes. Windstorm, or Wind and Hail Insurance Coverage, is a requirement in North Carolina.
Wind and Hail Insurance Coverage is a requirement in all 50 states, but in hurricane prone areas. The subject is highlighted more because the primary HO-3 insurance company may exclude the coverage.
The cost of Reinsurance... The insurance that insurance companies purchase.
Insurance companies are mandated by the Department Of Insurance to purchase tiers of reinsurance to have the financial strength to sustain the financial loss stemming from claims.
After you file a claim, the insurance company then files a claim with their reinsurance company. The cost of reinsurance is currently dramatically increasing which makes the cost of your home insurance increase as well.
Yes. Windstorm, also known as "Wind and Hail Coverage", protects the home and personal belongings from Wind, Hail, Hurricanes, and Tornadoes.
Yes, the wind insurance coverage will also protect the home from Hail, plus hurricanes and tornadoes.
After the storm has cleared and you notice damage to your property, follow these steps to mitigate more risk and file your claim properly.
Do a thorough evaluation of the property, documenting all areas, not only the areas damaged. Make sure to check all living spaces, the attic and basement of the home, if applicable, along with all outdoor areas.
Take many pictures and video of the property. This will provide you with a timestamp on each image and video verifying the date they were taken to help mitigate any questions.
Contact a reputable company to assess the damages, and keep records of all estimates, contracts, and receipts. Do not continue with any repairs once evaluated and move onto Step 4.
Call the 24/7 claims department and they will assist you in filing your claim properly.
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