Virginia Regulators Urge Homeowners to Check Coverage

Virginia regulators are urging homeowners to review their insurance policies with the start of hurricane season this week.

The State Corporation Commission, which regulates insurers, said  that some companies automatically include a deductible for wind or hurricane losses in their policies, while others offer them as an option. These deductibles can be written as a flat amount or can be applied to the loss as a percentage of the insurance coverage on the dwelling.

Regulators note that much of hurricane-related damage is caused by flooding, which often goes uncovered by insurance policies. Flood insurance is available separately through the National Flood Insurance Program.

The commission says Virginians should also review their automobile insurance to see whether hurricane or wind damage would be covered.