When a hurricane hits, the visible destruction often overshadows the hidden financial burdens that follow. Your insurance might cover some damage, but many of these expenses can leave you struggling. Here are the costs people often miss and what you can do about them:
Temporary housing costs
After a hurricane, you might not be able to live in your home for weeks or months. You’ll need to find another place to stay, which can be costly. Moreover, hotel bills, short-term rentals and dining out can add up fast.
Florida law states that insurers must offer coverage for extra living costs, but these policies often have limits. Check your policy carefully and ensure it is enough for a long time away from home. You usually have up to three years from the first payment to claim extra costs for not being able to use your home.
Lost wages and income
Hurricanes can also hurt your income since businesses might need to close for repairs or power outages. This can lead to unpaid time off, fewer hours or job loss. For self-employed people, it can be even worse as work dries up.
Regular home insurance does not cover lost wages. If you work for yourself or run a business from home, consider getting business interruption insurance. This can protect your income in situations like these.
Long-term health effects
The aftermath of a hurricane can have lasting health impacts, leading to unexpected medical costs. Water damage can cause mold, resulting in respiratory problems. The stress of the event and recovery process may trigger mental health issues like anxiety and depression. Cleanup efforts often lead to injuries as well.
While health insurance might cover some expenses, long-term effects can result in ongoing costs not covered by property insurance. Make sure to document all health issues that arise post-hurricane and discuss coverage options with your insurance provider.
Hidden property damages
Some hurricane damage isn’t easy to see right away. Foundation problems might show up months later. Roof damage could get worse over time if not fixed. Even your yard might have long-term problems that cost a lot to fix. Insurance companies might not pay for these damages if you don’t report them quickly, so it’s crucial to have your property checked as soon as it’s safe.
Hidden costs shouldn’t compromise your recovery
If you’re struggling with your insurance claim or worried about expenses that seem to fall through the cracks, you’re not alone. An attorney can be your advocate in these challenging times.
