Windstorm Insurance

Definition

  • A type of insurance, usually included in a property insurance policy through an extended coverage endorsement, that provides coverage for damages resulting from windstorms.

Synonyms
tornado coverage, hurricane insurance, storm insurance, typhoon insurance

Related Terms and Acronyms

  • Catastrophe Insurance Definition,
    • Insurance that covers losses due to catastrophe hazards such as hurricanes, earthquakes and terrorist attacks.
  • Fire Insurance Definition,
    • Insurance that covers losses from fire damage to insured assets.
  • Flood Insurance Definition,
    • An insurance policy that provides coverage for the damages resulting from flooding. Canadian homeowners are currently unable to purchase flood insurance.
  • Hurricane Deductible Definition,
    • The payment a policyholder must make to their insurance company before receiving benefits after a hurricane.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Winter Range Form Definition,
    • Insurance that covers damages to animals and livestock due to winter weather.
  • Wool Growers Floater Definition,
    • Insurance that covers those who own, store, or transport sheep and wool.
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