What’s the difference between disaster insurance and homeowners insurance?

What’s the difference between disaster insurance and homeowners insurance?

Homeowners insurance typically covers damage to your home and belongings from various risks, like fire or theft. Disaster insurance, on the other hand, specifically covers losses from natural disasters, such as floods or earthquakes, which may not be included in a standard homeowners policy.

Do I need both types of insurance?

It depends on your location and risk factors. If you live in an area prone to natural disasters, having both can provide comprehensive coverage.

What types of disasters are usually covered by disaster insurance?

Disaster insurance often covers events like floods, earthquakes, hurricanes, and tornadoes. However, coverage can vary, so it's important to check the specific policy.

How can I find the best disaster insurance policy?

To find the best policy, compare quotes from different insurers, read reviews, and consider the coverage limits and exclusions. Consulting an insurance agent can also help.