As Hurricane Ian creates havoc, what does home insurance cover after a disaster?

With Hurricane Ian ripping through Florida, some may wonder how well their homeowners' insurance will fare in a natural disaster.

For starters, it typically depends on the disaster. A standard policy covers damage from many calamities, but a handful does not and require separate coverage for protection.

Even if your insurance covers the destruction, it may not be enough. Many homeowners simply do not have adequate protection to cover all their losses. And, because of a tax reform law, uninsured losses can only be deducted in specific cases.

"While it’s too early to tell what the damage projections will be, many of the insurance modelers are putting it at between $20 and $40 billion, depending on the category storm, and where it hits," Loretta Worters, a vice president at the Insurance Information Institute about Hurricane Ian told USA TODAY on Wednesday. "Obviously, the more populated areas would result in higher losses.

https://www.usatoday.com/story/money/2022/09/28/hurricane-ian-homeowners-insurance-diaster/10450572002/ 

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