Deductibles, spoiled food, evacuation costs: New hurricane coverage pays what traditional policies won’t
Jun 6, 2018
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.
Called StormPeace, it’s offered by a company, Assured Risk Cover, that promises to wire money to policyholders’ bank accounts within 72 hours after storms with no inspections, no adjusters and no deductible.