Tornadoes are one of mother nature's most deadly weapons. With so little known about the twisting funnel clouds, experts say that a tornado can happen at any time, anywhere.
Whether you own a home or rent an apartment, tornado insurance is one very important way to protect your assets and belongings from the damages of a tornado.
- Alaska is not impervious to tornadoes. In fact, they've had two tornadoes in the recent past.
- Tornadoes can reach speeds of 250 mph.
- On average, tornadoes cause 70 fatalities and 1,500 injuries in the U.S. each year.
Tornadoes have happened in every state, and can leave a trail of chaos in their wake. From overturned cars and uprooted trees, to leveled neighborhoods and broken utilities -- tornadoes are dangerous forces of nature. It's important to be cautious of tornadoes during times of high wind, along with having an emergency plan in place to get you and your family to safety quickly.
What is Tornado Insurance?
While events such as earthquakes and floods are not covered by typical insurance, damage from tornadoes is usually covered by policies you most likely already have, such as homeowners insurance. Most homeowners insurance policies cover damage from high winds. After a tornado, damages may include anything from a broken window or torn off roof shingles, to the complete destruction of the home. As long as you have enough homeowners insurance coverage, your repairs can be covered after paying the deductible.
- The dwelling: Dwelling coverage helps pay for damages to the structure of the home, including plumbing, electrical, and the home itself. The policy limit should be at least 80% of the replacement cost of the home, or there may be a reduction in the amount payable.
- Other structures: This coverage includes structures like shops, garages, or sheds. The 80% coverage factor applies here.
- Personal property: 50% of the coverage limit is usually offered as personal property coverage, and that can cover items such as clothing, furniture, and appliances. Be aware, however, that some items such as cash, jewelry, and valuable collections may need to have other insurance coverage.
- Loss of use: Typically capped at 20% of the dwelling coverage,this coverage can help cover your expenses while your home is being repaired.
What About My Car/Boat/RV?
Cars, boats, and RVs can become easy prey for a tornado. They can be lifted up, spun around, and deposited miles away. As long as you have comprehensive insurance on the item, the damages will be covered. Comprehensive insurance is known as "Other than Collision," and can cover damages from wind, rain, fire, and arson.
How Much Does a Tornado Insurance Quote Cost in Alaska?
The price you will pay for a tornado insurance policy in AK depends on what you're attempting to cover. The following is a list of basic facts that insurance agents will need to know before giving you a quote:
- Asset you'd like to cover
- Value of asset
- Age of asset
- Upgrades to asset
- Location of asset
- How asset is used
- Your credit score
- Desired coverage amount
- Desired deductibles
All of these factors, plus many more, will be used to calculate a tornado insurance quote to cover your item.
Are There Discounts Available on Tornado Insurance in Alaska?
Most insurance policies are eligible for discounts. When you're searching for homeowners insurance, tornado insurance, or auto insurance in AK, be sure to ask about the following discounts:
- Multi-policy discount
- New customer discount
- Loyal customer discount
- Good credit discount
- Good driver discount
- Security system discount
- Claims-free discount
Each insurance company offers different discounts, so it's important to ask about any available discounts in order to get the best coverage at the best price.
How Do I Get Tornado Insurance in Alaska?
When covering your home, belongings or vehicles with tornado insurance, it's important to have a professional by your side to ensure that you're properly covered. A Trusted Choice® agent is always available to help you determine coverages, suggest discounts, or even help you file a claim.