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Homeowners insurance: Catastrophe coverage basics

by Hovenden Team 08/05/2024

Photo of a flower field under a storm

Risk, peril and hazard are all terms used in homeowners insurance. Catastrophe insurance is a type of homeowners coverage that can help you with emergency medical costs resulting from a named peril. For more information on catastrophe insurance, here are the basics:

How catastrophe insurance works

In most homeowners insurance policies, only specific hazards will be covered and may vary by policy or insurer. Catastrophe insurance is an optional addition, or rider, you can include in a homeowners policy to help cover health costs related to a disaster.

Know your insurance policy

Homeowners insurance protects your personal property against damage. It can also financially protect you and your household from unforeseen injuries caused by your own residence. However, only catastrophic insurance riders will provide broad coverage for emergency medical expenses.

It's crucial to know which hazards are included in your particular policy, and also the limits of your health insurance coverage. Injuries sustained in a natural disaster can make a difficult situation even worse. The more you can do to protect yourself and your finances, the better.

About the Author
Author

Hovenden Team

Client Focused. Results Driven.

Liz Hovenden; Broker Owner & Principal of Exceptional Properties has been a realtor through the evolution of the Real Estate industry for the past 27 years and has remained a staunch believer that no matter the brand name or the automation methods; the most important elements will always determine the success of any realtor; Personal Service, Product Knowledge, Marketing Savvy and above all Integrity.