Living on the water is a dream come true for many people, but insuring a coastal home can be a major impediment. Coastal home insurance is tricky to navigate, and many insurance professionals aren’t familiar enough with its complexities to provide adequate counsel. Familiarizing yourself with some of the basics of coastal insurance, however, can help you determine if this special coverage is right for you.

1. Do I Need It?

The need for coastal home insurance is determined by your home’s proximity to the shore. Although there is no uniform rule, most insurance companies suggest or require coastal coverage if your home is within three miles of the coast.

2. What Makes It Different From Home Insurance?

Coastal insurance usually includes specific policies for damage caused by named storms, hurricanes, or strong winds. These policies apply only if you meet the distance requirements for coastal insurance. Otherwise, your home insurance policy should cover the costs of any storm-related damage.

3. Is Flood Insurance Still Necessary?

Unfortunately, you need a separate policy for flood insurance, as it is not included in either traditional or coastal home insurance. It is not required, however, unless you live in a flood zone.

With proper coastal home insurance, you can enjoy the perks of coastal living without fear of financial ruin. Speak with a coastal insurance specialist if you think your home applies for this essential coverage.