Welcome to the Insurance Institute of Kentucky
[email protected]
Insurance Institute of Kentucky
  • Home
  • About Us
  • Insurance Resources
    • When Natural Disasters Strike
    • Auto
    • Business
    • Homeowners
    • Insurance 101
  • News
  • Issues
    • Insurance and the Pandemic
    • Personal Injury Protection (PIP) Auto Insurance Coverage
    • Local Government Insurance Premium Taxes (Municipal Premium Taxes)
    • The Use of Credit-Scoring in Setting Premiums
    • Municipal Emergency Response Fees (Accident Taxes)
  • Contact
  • Members
  • Log In

When Natural Disasters Strike

Home / When Natural Disasters Strike

What does my insurance cover in the case of a natural disaster? See below for a quick summary of coverages. For a more complete explanation, please consult your agent or insurance carrier.

Homeowners and Renters Policies
Homeowners and renters policies generally cover your home and its contents against loss due to specified risks, known as perils.  Some policies cover only specific perils, while others may be “all risk.”  For a more complete explanation of what homeowners and renters policies cover, see our homeowners tab and its links to more information.

Whether a policy is for specified perils or all-risk, there are certain types of loss that are specifically excluded from coverage.  Among the exclusions are not only maintenance problems for your home, but some types of natural disasters as well.  So what is covered and what is not covered?

Wind Loss – Tornado, Hurricane, and High Winds
Losses due to wind are considered basic coverage and are therefore covered under virtually all types of homeowners and renters policies.

Earthquake
Earthquake losses are specifically excluded from most homeowners and renters policies.  Coverage may usually be purchased as additional coverage, so check with your agent or insurer.  For more information on earthquake preparedness in Kentucky, see here.

Flood
Flood losses are also specifically excluded from most homeowners and renters policies.  Coverage can be obtained from the National Flood Insurance Program or from a limited number of private insurers.  If you live in a flood plain, your mortgage holder will likely require you to obtain flood insurance.

Given the devastating losses that can often occur with one of these natural disasters or with a fire loss, homeowners and renters should consider preparing a home inventory.  Information can be found by clicking the link on our front page or here.

The Insurance Information Institute also has an excellent publication “Settling Insurance Claims After a Disaster” which can be found here. You can find find some good general information on flood insurance here.

Auto Policies
Coverage for the damage to your car is generally separated into two types of coverage, collision and comprehensive or “other than collision.”  Natural disasters such as wind loss, flood, and earthquake generally cover your car under the “other than collision” coverage.  Collision and “other than collision” coverage must be purchased separately.

News

  • IIK’s 2023 Agenda Items
  • HB 170 Passed to Streamline Settlements for Minors
  • HB 380 Passed to Modernize KY Insurance Laws
  • IIK Supports Hands-free Cell Phone Use Legislation
  • IIK’s 2022 Agenda Items

Issues

  • Insurance and the Pandemic
  • Personal Injury Protection (PIP) Auto Insurance Coverage
  • Local Government Insurance Premium Taxes (Municipal Premium Taxes)
  • The Use of Credit-Scoring in Setting Premiums
  • Municipal Emergency Response Fees (Accident Taxes)

IIK AMICUS BRIEF PROGRAM

IIK accepts applications from members and non-members to file an amicus brief in cases which could have an impact on insurance law in Kentucky. Learn more about how to apply here.

INSURANCE 101

Insurance 101 contains information on the basics of insurance as well as a brief look at some key issues that affect insurance consumers. Just click here to take a quick tour.

Tweets by IIKYOrg

Insurance Institute of Kentucky

Our Issues

  • Insurance and the Pandemic
  • Personal Injury Protection (PIP) Auto Insurance Coverage
  • Local Government Insurance Premium Taxes (Municipal Premium Taxes)
  • The Use of Credit-Scoring in Setting Premiums
  • Municipal Emergency Response Fees (Accident Taxes)

About IIK

The Insurance Institute of Kentucky is a non-profit corporation dedicated to educating, supporting and assisting the Kentucky insurance consumer, market and industry. read more...

Contact Us

Insurance Institute of Kentucky
PO Box 54542
Lexington, KY 40555-4542
[email protected]

© Copyright 2023 : All Rights Reserved - Maintained by Ledger Marketing