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
storm insurance, typhoon insurance, hurricane insurance, tornado coverage

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.