New Hurricane Coverage Pays For What Traditional Policies Won’t

In Florida, discussion about hurricane insurance often focuses more on what isn’t covered than what is covered. Did water rise up through your sliding glass door and damage your wood floor and drywall? Sorry, you need flood insurance for that. Damaged roof tiles didn’t exceed your $6,000 deductible? Whip out the credit card. Evacuating and need gas and lodging? Hit the ATM on the way out of town. Now, homeowners can buy coverage that fills in those gaps. A new insurance product has emerged in Florida that reimburses out-of-pocket expenses not covered by traditional insurance.