Homeowners insurance: Catastrophe coverage basics

by Brian Epps, REALTOR® 08/28/2023

Photo of a flower field under a storm

Risk, peril and hazard are all terms used in homeowners insurance. Catastrophe insurance is a type of homeowners coverage that can help you with emergency medical costs resulting from a named peril. For more information on catastrophe insurance, here are the basics:

How catastrophe insurance works

In most homeowners insurance policies, only specific hazards will be covered and may vary by policy or insurer. Catastrophe insurance is an optional addition, or rider, you can include in a homeowners policy to help cover health costs related to a disaster.

Know your insurance policy

Homeowners insurance protects your personal property against damage. It can also financially protect you and your household from unforeseen injuries caused by your own residence. However, only catastrophic insurance riders will provide broad coverage for emergency medical expenses.

It's crucial to know which hazards are included in your particular policy, and also the limits of your health insurance coverage. Injuries sustained in a natural disaster can make a difficult situation even worse. The more you can do to protect yourself and your finances, the better.

About the Author
Author

Brian Epps, REALTOR®

Brian Epps brings an unmatched combination of experience, creativity, and dedication to Intero Real Estate Services, and a comprehensive understanding of the intricacies that embody the real estate industry. Brian’s focus is on the individual needs of each of his clients. His ability to listen to them and to craft solutions best suited towards achieving their goals is what sets him apart from others in the industry.