A Word About Deductibles
Keep in mind, hurricane deductibles exist in every coastal state from Maine to Texas. Unlike a typical homeowners policy deductible of $500 or $1,000, hurricane deductibles usually are listed as a percentage of the property's insured value—generally between 1 percent to 5 percent of the total coverage. These separate deductibles are prominently located on your declarations page, and spell out specifically the specific percentage and often the dollar amount. Hurricane deductibles typically are applied to damage caused by named storms that have hit land, as determined by the National Weather Service. In Florida, for example, the deductible would be in effect for any damage incurred during the 72 hours after a hurricane warning is issued. Each insurer and state applies the deductibles differently, however, so it's crucial for homeowners to be familiar with their policies.
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