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Does automobile insurance coverage cowl hurricane harm?

Because the carnage from Hurricane Ian subsides, many drivers in Florida, Georgia and the Carolinas are questioning if their auto insurer can pay to restore damages on their automobile.

The reply: It depends upon your protection. Some insurance policies will go away motorists footing the invoice, whereas different plans will cowl all restore prices. Undecided what kind of protection you will have? Specialists say the coverage paperwork supplied by your auto insurer ought to element the specifics. 

This is a take a look at whether or not the commonest auto insurance policy cowl hurricane harm.

Collision insurance coverage

Drivers with collision insurance coverage won’t be coated for hurricane harm. That is as a result of collision covers a policyholder provided that somebody is in a automobile wreck, stated Scott Holeman, spokesman for the Insurance coverage Data Institute in New York. 

Collision insurance coverage will assist a policyholder pay for repairs on their automobile, and that is about it. It would not cowl harm to another person’s automobile or any bodily hurt suffered by the motive force in an accident. Collision insurance policies additionally do not cowl accidents involving animals or automobile harm attributable to pure disasters, hearth or theft. 

Drivers who’ve financed the acquisition of their automobile sometimes have collision insurance coverage, and so they pay a deductible upfront so the insurance coverage supplier can then pay for the remainder of the repairs after an accident. 

Legal responsibility solely 

This stage of auto protection is required by most states, together with in Florida, Georgia and the Carolinas (exceptions: New Hampshire and Virginia). Legal responsibility insurance coverage covers any harm or harm you trigger to different drivers in an accident. Which means legal responsibility insurance coverage alone will not cowl hurricane harm, Holeman stated. 

Drivers who purchase legal responsibility insurance coverage should additionally improve the coverage to complete protection, also called “full protection.” The massive distinction between liability-only and full protection is that full protection pays for legal responsibility in addition to harm to your individual automobileLegal responsibility insurance coverage is often about 64% cheaper for drivers in comparison with full protection, with the previous costing round $720 per 12 months and the latter averaging $1,997 yearly, in response to WalletHub knowledge. 

Complete coverage

Drivers with complete auto insurance coverage are coated for hurricane harm. Complete protection pays for the harm executed to your automobile, the opposite individual’s automobile and any medical payments both of you incur. Complete protection additionally consists of collision safety and pays for weather-related harm, like dents from a hail storm or flooding brought on by a hurricane. 

Practically 80% U.S. drivers have complete protection, Holeman advised CBS MoneyWatch. Should you’re nonetheless not sure what sort of coverage you will have, submit a declare anyway and your insurer will reply and clarify the kind of protection, he stated.