Definition of Windstorm insurance:
Windstorm insurance is a special type of property-casualty insurance that protects policyholders from property damage caused by gales, winds, hail, and other gusty hazards. A subset of storm insurance, windstorm insurance is usually offered in the form of a rider on a standard casualty insurance policy through the extended coverage endorsement.
A type of coverage that protects property owners from losses incurred as a result of damaging winds produced by strong storms such as hurricanes. The coverage, which is not provided in most homeowner insurance policies, is mandated by many of the states that experience a high frequency of strong windstorms.
Windstorm insurance covers the types of excessively gusty events, such as hurricanes and cyclones, that are often considered vis major and so might be excluded from standard homeowners insurance policies. Those who live in areas susceptible to this type of peril must purchase this additional coverage to protect themselves. Residents of coastal states and midwestern states, where hurricanes and tornadoes are relatively common, fall into this category.
How to use Windstorm insurance in a sentence?
- Windstorm insurance is a special type of property-casualty insurance that protects policyholders from property damage caused by gusty events: tornadoes, hurricanes, gales.
- Many policies limit the time frame during which you can file a claim for windstorm damage.
- Windstorm coverage is typically affixed as a rider to a homeowners insurance policy.
- Windstorm insurance will typically cover physical damages to the property and personal belongings.
Meaning of Windstorm insurance & Windstorm insurance Definition