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
Andree Riley
I am your Real Estate professional with a demonstrated history of excellence in working in the real estate industry.
Considering a second home or investment property in the Florida Keys? I am a homeowner in Islamorada Florida and specialize in homes and investment properties in the "American Caribbean" from Key Largo to Key West.
Prior to real estate, my professional experience includes 10 years of wine sales and wholesale distribution
A resident of the Detroit Metropolitan Area, and also serve "All Sports Lake" areas of South Haven, Portage and Lake Michigan communities.
I received my B.A. Degree (Bachelor of Arts) in Psychology from Pepperdine
University. A member of (GMAR) Greater Metropolitan Association
of Realtors, and the (FKBR) Florida Keys Board of Realtors.
My hobbies include long time membership in USTA as a competitive
tennis player and team Captain. As well as, organizing tennis matches for fun and
fitness in my community. Call me Directly at 313 506-7476.
