Typhoons, Hurricanes & Cyclones are all the same thing - Tropical Revolving Storms. Different names for different parts
of the world but the potential damage is the same...
Close to the equator you are usually safe but as others have said there is still a chance for a stray intense tropical low. Remember, everyone thought Grenada
was safe from Hurricanes until Hurricane
Ivan in 2004.
The other thing to realise is that your insurance
may be void within certain latitude ranges in certain months due to the risk of TRS. Best to check what your policy says.