Understanding your homeowners insurance: Catastrophe coverage
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
Tracy Dugdale-Munoz, Realtor DRE#01746630 - NBPM|Property Management|Real Estate Sales
I have been in Real Estate since 2006, I’m a consistent, successful Real Estate Agent. My clients say “You worked tirelessly on our behalf, in the highly professional manner that every client hopes for in their real estate agent.” I am not your average Real Estate agent. I am a woman with a business philosophy that reads very much like the words from my former exec at Pacific Bell: “The relationship doesn’t end with the sale; it starts after the sale is made.” Relationships; this has been the pinnacle to my success. People from all walks of life find themselves at ease with my knowledge and dedication to quality service.