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Homeowners insurance: Catastrophe coverage basics

by Kelly Okimoto 01/01/2024

Photo of a flower field under a storm

Risk, peril and hazard are all terms used in homeowners insurance. Catastrophe insurance is a type of homeowners coverage that can help you with emergency medical costs resulting from a named peril. For more information on catastrophe insurance, here are the basics:

How catastrophe insurance works

In most homeowners insurance policies, only specific hazards will be covered and may vary by policy or insurer. Catastrophe insurance is an optional addition, or rider, you can include in a homeowners policy to help cover health costs related to a disaster.

Know your insurance policy

Homeowners insurance protects your personal property against damage. It can also financially protect you and your household from unforeseen injuries caused by your own residence. However, only catastrophic insurance riders will provide broad coverage for emergency medical expenses.

It's crucial to know which hazards are included in your particular policy, and also the limits of your health insurance coverage. Injuries sustained in a natural disaster can make a difficult situation even worse. The more you can do to protect yourself and your finances, the better.

About the Author
Author

Kelly Okimoto

Professional Real Estate Agent serving and educating the Sacramento area in home buying and selling. When selling a home, I can make your home attractive to its ideal audience - which can make all the difference for some home buyers. Things like staging the home, making repairs and minor improvements can make all the difference. When buying a home, you need someone who knows this area inside and out. I will be your advocate and work with you to find the right home at the right price for you. We'll work together to find a home in the neighborhood you want, with the amenities that matter to you. I'm passionate about working with the community, from supporting youth and homelessness programs, to bringing awareness to health and community issues. Please feel free to connect, as I'm always looking to expand my network.