Our insurance policy has a rider (only $36 per month additional) that provides up to $56K per year compensation for lost rental income due to damage of any kind...hurricane, fire, vandalism, etc. Of course, one has to show confirmed bookings for purposes of the claim. But this gives us a lot of comfort to know that if we have major damage, we won't also have a significant loss of income without any compensation.
Our insurance guy in Destin is William West (850)837-6242, Waterfield & Associates, Inc. He's the person who advised us about this insurance. He has been great. We did not have a claim with Dennis, but did after Ivan. In fact, we wish that our local insurance agent in CA was as responsive and knowledgable as William West is, and we have been with the folks in CA for 15 years.
