In coastal areas, many carriers do not offer hurricane coverage, and the coverage must be purchased on a stand-alone policy. Traditional homeowner’s policies include hurricane coverage so this can be confusing to some. Our experienced professionals at Cook Insurance know which carriers provide what coverages and in what areas. This experience is invaluable in protecting one of your most valuable assets. Hurricane coverage applies to loss or damage caused by a named wind storm and includes ensuing damage to the interior of a building and to property inside caused by rain, sleet, snow, hail, sand or dust. This interior coverage applies if the direct force of a wind storm first causes damages to a building through which natural elements could then enter.
Standard flood polices, excess flood policies and COBRA flood policies are also available. Standard and preferred policies are available in areas that participate in the governmentally backed FEMA program. Excess Flood policies provide coverage above the maximum limits available through FEMA. COBRA flood coverage applies to areas where FEMA coverage is not available. COBRA stands for the Coastal Barrier Resources Act of 1982. It removes the federal government from financial involvement associated with building and development in portions of designated coastal barriers.
Products sold by Cook Insurance Agency (CIA) are not a deposit, not FDIC insured. Not guaranteed by the bank. Not insured by any federal government agency and/or may lose value.