Informant38

A healthy insurance market is absolutely key
to a rejuvenated economy down there:

From our perspective, it lifts a very large cloud of uncertainty that has been hanging over the insurance market of the Gulf Coast

Nationwide and other insurers say their homeowners policies cover damage from a hurricane's wind, but not in cases where it resulted from a combination of wind and water.

"This reading of the policy would mean that an insured whose dwelling lost its roof in high winds and at the same time suffered an incursion of even an inch of water could recover nothing under his Nationwide policy," he wrote.

link brokenKunzelman/WashingtonPost 15.Aug.06
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Update!

The story as was in the Post has disappeared down the memory hole. Links from their search engine go to a story by Kathleen Day which is much less obviously composed of venal wet dream insurance co. imaginings, and reads more like sound and sensible grown-up discourse.
Kunzelman's bias would seem to be more toward truth, justice, and the American Way. His original AP story is here.

In other words you can't get insurance against hurricane damage, that would be the point. Too vague.
In other words the hurricane itself can't be insured against.
The next step would be maybe gravity. Like you'll have to get special insurance for things damaged by things falling on them, and/or then specifically whether it was a result of wind, or earthquake, or another equally specific and spcicifically-insurable-against phenomenon.
Or like a fire, where the firemen in order to control and stop it have saturated and destroyed your first folio edition of Vico's De Italorum Sapientia worth at least 300K.
Sorry, fire insurance you know.
That's water damage.