Tornadoes can touch down anywhere, and they are among the most expensive of the natural disasters that occur in this country. The cyclonic winds of a tornado can destroy homes, vehicles, farmland, businesses and personal property. While Wisconsin is outside the area of the United States commonly referred to as Tornado Alley, it still sees its fair share of tornado activity. If you are a resident of this state, make sure you have adequate Wisconsin tornado insurance to protect your finances and investments.
While most tornadoes that touch down in this state are relatively weak with wind speeds of less than 65 miles per hour, about 20 percent are strong enough to cause extensive damage and about one percent are extremely violent with winds of greater than 165 miles per hour. It only takes one severe storm to destroy your personal property, and without proper insurance coverage, this can lead to financial devastation.
Many property owners only think about possible damage to their structure of their homes when they purchase coverage against heavy winds and storms. However, tornadoes are also frequently responsible for damages to items kept inside the homes as well as to farmland, vehicles, boats and other peripheral property. In some cases, these twisters can even lead to injuries and fatalities. For this reason, you will want to be sure that you are adequately protected by a variety of insurance policies that can provide suitable tornado coverage.
Tornadoes can rip roofs off of houses and destroy windows, causing severe property damage inside your home. These storms can also cause trees to fall onto your property, destroy sheds and detached garages and cause severe damage to the structure of your home.
You will want to be certain that your homeowners, condo or renters insurance policy includes coverage against tornado damage. Many insurance companies include this coverage as part of their standard coverage package but some will require you to purchase a separate tornado insurance rider, or endorsement, or to specifically include tornadoes as part of your named-perils coverage. It is therefore important that you are aware of what your current home insurance policy does and does not cover.
When you have Wisconsin tornado insurance as part of your home insurance policy, it will cover damages to the structure of your home and outlying buildings on your property including storage sheds, fencing and detached garages. It will also provide coverage for your personal possessions, or home contents, if they are damages by such a storm. If your home is damaged to the point that it is uninhabitable, your home insurance policy will also provide temporary housing or relocation assistance so long as you have tornadoes included in your covered events.
Tornadoes can severely damage cars and trucks. You don’t have to be driving your vehicle at the time the storm strikes to face severe damages. Uprooted trees, flying debris, falling objects and collapsed garages are just some of the many tornado-caused problems that can damage a vehicle that is not in use. The only way to have coverage against this type of destruction is by including comprehensive coverage in your car or truck insurance policy.
Comprehensive insurance is often required by lenders when you finance the purchase of your vehicle, but it is not required by law. Because this coverage it is optional, many people who own their vehicles outright forgo it as a way to save money on their policies. If your vehicle is old, run-down and has very little value, comprehensive coverage may not be worth the additional cost; however, if you want to be certain that you have coverage for your car or truck if it happens to be damaged or destroyed by a tornado, you should consider adding this coverage to your policy.
If you are a business owner in this state, you likely have a Wisconsin business insurance policy to cover your business from natural disasters and other problems. Be sure to review your policy to ensure that tornados are included in your policy’s coverage. A business policy that includes continuation of income coverage will even enable your business to remain profitable and functional if it is forced to temporarily halt operations while necessary repairs to tornado damage are made.
Houses, vehicles and businesses are not the only properties that need protection from tornado damage. Many Wisconsin residents also own boats, snowmobiles and ATVs for which insurance is not mandatory and is therefore often overlooked. It is possible that your homeowners insurance may provide some coverage if these items are damaged by a tornado. If not, however, you may want to give serious consideration to purchasing comprehensive insurance policies to protect them.
How do you know if your current insurance policies adequately cover you against tornado damage? It can sometimes be hard to understand the fine print in the details of an insurance policy. An independent insurance agent in the Trusted Choice® network can help you review your policies, and can provide a selection of Wisconsin tornado insurance quotes if additional coverage is necessary.
Because these agents are independent of any particular insurance company, they can shop the market to find you the right coverage at a competitive rate. Contact a Trusted Choice member agent with an office near you today to learn more.