Investor · Campbell, CA · Member since 2016 · 78 posts · 33 votes
Several of the markets I'm looking at investing in get Tornados and I'm wondering if 1. the standard homeowners insurance one would purchase cover that? If not 2. How much extra do they charge? For example, where I live in California, the standard Homeowners insurance does NOT cover earthquakes, but because it is so expensive, most people do not buy coverage. For people living in the midwest what's your advice?
Accountant · Alexandria, VA · Member since 2016 · 11 posts · 1 vote
9y
Here's a good article on insurance policies...in some regions where there is a proclivity to certain risks, the coverage may be limited or excluded altogether: http://homeownersinsuranceguide.flash.org/knowyour...
The bottom-line is that one would have to check exclusions in their particular market. I have seen some advertisements with regards to specific Tornado Insurance, but since I focus on the east coast, I never got interested in looking into them.