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The National Weather Service issued a tornado watch on Tuesday, July 22, for all Five Boroughs, plus Nassau County and parts of New Jersey, Connecticut, and Pennsylvania.According to the National Weather Service, a tornado watch means "tornadoes are possible in and near the watch area" and advises those in the affected area to "be ready to act quickly if a warning is issued or you suspect a tornado is approaching."While some tornado damage is minor, like broken windows or snapped tree branches, a Category F5 tornado can have wind speeds over 300 mph and tear a home right off its foundation.
A tornado can wreak havoc on a home, and one way to be ready is by having adequate insurance coverage.
A homeowners insurance policy can help cover the cost of repairs and replace items damaged in the storm, but not all wind damage is treated equally, and there are some caveats to what a policy will and won't cover.
Most standard homeowners insurance policies include coverage for wind-related damage, like tornadoes.
Here's a breakdown of what's usually covered.
Dwelling coverage.This part of the policy helps cover damage to a home's actual structure.
So, whether a tornado rips off a few shingles or levels the entire house, dwelling coverage can pay for repairs or a rebuild (up to policy limits).
Other structures coverage.This covers repairs or replacement if a tornado damages structures on a property that aren't attached to the home, like fences, detached garages, or sheds.
Most policies cover up to 10% of your total dwelling coverage.
So, if your dwelling limit is $500,000, your other structures coverage may cover up to $50,000.
Personal property coverage.This helps pay to replace belongings, like furniture, electronics, or clothes, if they're damaged by wind.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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