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
Kim Daneault
Like many of her clients, Kim’s family is the driving force in her life. Having lived and traveled the world, her husband and she have found New England to be the best place to raise a family; and have made it their home for over 20 years. She is happy to have built a family with a strong commitment to the New Hampshire area. And has developed a history of active participation in the community. Whether it is through the successful real estate practice; the many volunteer positions; or her active family time;
