As a resident of Lexington, you are probaby well aware of the risks during South Carolina’s hurricane season, which peaks between mid-August and late October. But are you also aware of what your insurance policies will and will not cover in the event that one of these storms causes damage in your city?
Independent insurance agents in Lexington can help you review your current policies to ensure that you have sufficient hurricane insurance and that you are getting it at a competitive price. Contact an insurance agent near you to learn more.
What Is Lexington Hurricane Insurance?
Hurricane insurance is not a stand-alone policy. Instead, it is something that may be included in the policies you already have. If not, you may need to add appropriate coverage options or purchase supplemental policies in order to be fully covered against this hazard.
Making sure that all of your property is adequately covered against these destructive storms often means taking a closer look at the insurance you carry on your home, vehicle, and, if applicable, business. This is easy to do when you have the help of a local independent insurance agent.
Hurricane Insurance Can Cover Your Lexington Home
Because Lexington, South Carolina is about 100 miles from the coast, hurricanes that make landfall are likely to have weakened by the time they reach this city. This is not to say that there is no risk to property owners.
Whether you own or rent your home, your property can be damaged by high winds, torrential downpours, and flooding. Additionally, hurricanes and tropical storms can often spawn tornadoes like the F3 twister that touched down in Lexington in 1994, causing several million dollars in damage.
Some insurance companies will require you to purchase special endorsement to cover against hurricanes, windstorms, and tornadoes, while others will include this coverage as a standard part of their policy. This is why buying the cheapest coverage isn’t always the wisest choice.
It is important to note, however, that although water damage caused by rain coming into your house through a damaged roof or broken window is typically covered by home insurance, damage caused by rising waters (flooding) is not. For this, you need a separate flood insurance policy. Your insurance agent can help you get affordable coverage through the National Flood Insurance Program (NFIP).
Whether you have homeowners insurance, condo insurance, or renters insurance, a local independent insurance agent help you review your current policy to ensure that you are sufficiently covered against hurricanes, tropical storms, and flood damage.
Cover Your Vehicle against Hurricane Damage
Hurricanes often cause a lot of damage to vehicles. Whether they are smashed by downed trees, dented by flying debris, or flooded in rising waters, cars and trucks are frequently totaled by these powerful storms.
The only way you can get coverage for storm-related damage to your vehicles is by including comprehensive coverage in your car insurance policy. This is one of the many coverage options offered by auto insurance companies. Comprehensive coverage is designed to cover non-collision damage to your vehicle, including wind and flood damage.
Though it isn't part of the state’s minimum coverage requirements, lenders nearly always require that you carry comprehensive insurance for the duration of your car loan. Additionally, if you are leasing your vehicle, this coverage will probably be required by the dealership.
Adding gap insurance to your coverage portfolio is also beneficial if you currently owe more on your car than it's worth. That way, if a hurricane totals it and you are compensated at its assessed value, you won't be stuck making payments on a vehicle you no longer own. New cars depreciate quickly, so this coverage can be vital during the first couple of years of new vehicle ownership.
Protect Your Lexington Business with Hurricane Insurance
From large chain stores like Walmart to small mom-and-pop diners, there are many businesses in the city of Lexington. If you own one of these companies, business insurance can help to protect your investment when disasters like hurricanes strike. Hurricanes can damage business property due to high winds, tornadoes, torrential downpours, lightning, and hail.
Business insurance includes commercial property coverage. This is designed to cover all of your business assets, including merchandise, furniture, and computers. Some of this property may need specialized coverage like inland marine insurance or boiler & machinery insurance, but all of it can be covered against damage caused by severe weather.
Another way that a hurricane can hurt a business’s finances is through forced closure, as may happen if power lines are down for a couple weeks, if roads are impassible for an extended period, or if the structure of the building that houses your business is severely damaged. Business interruption insurance can provide your business with a continuation of income during these times.
It is important to note that, like home insurance, business insurance will not cover flood damage. Fortunately, an independent insurance agent can help you supplement your property coverage with a commercial flood insurance policy through the NFIP.
Why Work with an Independent Agent in Lexington, SC?
Why spend your precious time trying to understand all the details of your coverage on your own? Let an independent insurance agent in Lexington help you go through your current policies. These agents can provide you with trustworthy advice about your hurricane insurance coverage so that you don't find out the hard way that you don't actually have the coverage you thought you did.
Independent agents can also shop around to help you find the coverage you need at the most competitive price. Find an insurance agent near you to get started.
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