USA TODAY: East Coast homeowners in the path of Hurricane Irene could be on the hook for thousands of dollars in damages that aren’t covered by their insurance policies, experts say…
•Exclusions for wind damage. While most standard homeowners policies cover hurricane damage, homes in some coastal areas need a separate policy to cover wind damage from hurricanes, says Bob Rusbuldt, CEO of the Independent Insurance Agents & Brokers of America…
•Water damage. Hurricanes often lead to flooding, which isn’t covered by standard homeowners policies, Rusbuldt says. For that, homeowners need a separate flood insurance policy… (more)
