Coastal Home Insurance Facts | United Country Real EstateBy Marlena Cavanaugh
December 04, 2023
Coastal home insurance defers in many ways from standard home insurance. Learn all about the differences, necessities and nuances here.
Coastal Home Insurance
a property along the coastline is nearly every person’s dream. Despite all the
fantastic beach and water-related activities, there is a significant risk
related to owning an oceanfront home. Coastal living introduces an increased
risk of damage to your home from hurricanes, flooding, coastal erosion, and
wear and tear from harsh weather conditions.
home insurance is a type of insurance specifically designed to mitigate risks
associated with properties located in coastal areas. We will explain coverage
limitations, differences when compared to standard home insurance, deductibles,
and the purchasing process and hopefully shed more light on its significance.
understanding classic homeowner insurance is not always easy, coastal home
insurance can get even more complex when it comes to coverage exceptions and
Who needs Coastal Home insurance?
to natural disasters and proximity to bodies of water are key factors that
determine the necessity for specialized home insurance coverage. Coastal home
insurance is common in Alabama, Texas, Georgia, and California as these states
are particularly susceptible to hurricanes, flooding, and other weather-related
home insurance provides financial protection not only to the structure itself
but also to personal belongings. Some policies may include coverage for
additional living expenses in case of temporary displacement.
Are you obligated to have coastal home
mortgage provider may require you to purchase this additional coverage. If your
house is paid for, this insurance is not required, but it certainly provides
peace of mind.
you are new to owning a coastal home, review your current policy and talk to a
local insurance agency about any additional coverage that may be recommended in
your area. Coastal homes aren’t all located in storm and flood areas so doing
your research is probably the best first step.
Purchase Your Dream Coastal Home with United
full article to learn more about deductibles, how to purchase and the difference
between standard home insurance and costal home insurance. Many questions may
arise when it comes to purchasing an oceanfront or coastal property. With United
Country real estate professionals in your corner, you can remain confident that
you have the right people fighting for you.