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
Julie Burgey Kehoe
Your Realtor for Life
My Goal as a Real Estate professional is to provide the highest level of service for my clients. I feel that it is important to provide an array of information and services regarding all of your Real Estate needs. Services include (but not limited to): Home Market Evaluation, Home Staging, Home Search and Home Research, Problem Solving, Home Sale & Purchase Negotiations, Home Inspection and Appraisal & Mortgage Pre-approval Coordination, Strategic Offer Writing. My focus is helping Sellers and Buyers through the entire transaction process, from start to finish.
