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
Karin Torrice
My philosophy about real estate is to provide each customer with a level of service and integrity that I would give a member of my family. My goal is not to make a one-time sale but to build lifetime relationships. With my in-depth knowledge of the Metro West Boston area, I can help you navigate your home search or sale, which can be overwhelming. I grew up in Natick, currently live there and know the surrounding areas and communities well. I am committed to providing my clients the highest level of service, professionalism and negotiating expertise. I specialize in first time home buyers, relocation, military families and really anyone looking to buy or sell a home! Let me help you in your home search. Exceeding your expectations is my goal!
