Coastal Property Insurance Programs combine several types of property insurance necessary to protect real estate investment properties as well as standard homes, condos, etc. The difference is these properties share unique risks due to their closeness to shoreline.
Standard insurance policies normally exclude losses due to hurricanes and flooding, in high-risk areas. These are places where the potential losses are extreme compared to inland property risks.
As a real estate investor, protecting your properties is essential to protecting your investments. If your investment properties are near the coast, understanding what your policy will and won’t cover is paramount.
Recent weather disasters and the increased number and strength of winds and hurricanes seem to be on the rise. Talk to our agents about Coastal Property Insurance for your investment properties.