What is the flat monthly premium for the Tornado Only policy?

The flat monthly premium for the Tornado Only policy is $88. This amount is likely determined based on various factors, including the overall risk associated with tornado exposure, the coverage limits provided under the policy, and the underwriting criteria established by the insurance provider. Insurance companies assess data such as geographical risk, historical claims, and potential losses to set premiums that adequately cover potential claims while remaining competitive in the market.

When discussing insurance policies like this, especially one focused on specific natural disasters, it’s important to examine the specifics of coverage, such as deductibles and limits, which can also influence the premium amount. Thus, the figure of $88 is a calculated premium reflecting the necessary risk management and financial obligations that the insurance company estimates it will need to fulfill in the event of tornado-related claims.