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For immediate release
New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org

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NEW YORK, Sept. 15, 2023 —Homeowners, renters, businesses, and vehicle owners in coastal New England should know what’s covered under standard insurance policies as Hurricane Lee nears, according to the  (Triple-I).Ìý

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Tropical storm conditions are expected to begin this afternoon in Maine and Massachusetts, the forecasts.Ìý Residents of these two states should monitor media reports today of Lee’s path and consult their insurance professional if they have any questions about their policies.

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³§³Ù²¹²Ô»å²¹°ù»å  and  insurance policies cover property damage caused by windstorms, such as hurricanes.

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Property damage to a home, a renter’s possessions, or a business – resulting from either a flood or storm surge – is covered under a , which is typically separate from a property insurance policy for a home, rental unit, or a business. Flood policies are underwritten through FEMA’s National Flood Insurance Program (NFIP) and private insurers. Storm surge is generally defined as rising waters moving inland from the shoreline.

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Property damage to businesses caused by windstorms is typically covered under a Business Owners Policy (BOP) or through a Commercial Multiple Peril (CMP) policy.
Vehicles damaged by either flood or debris, such as falling trees, during windstorms are covered under the optional . Nearly 80 percent of U.S. drivers have purchased comprehensive coverage. Ìý

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Infographic:
Hurricane Deductibles

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Website:

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