We are hopefully getting around to the end of the hurricane season. The Atlantic hurricane season, which lasts from June to November, affects every coastal state from Florida to Maine, and there is no telling when or where the next hurricane is going to hit, or how it will affect us.
Your home could be at risk of severe windstorm damage during this season. Most property insurance policies provide coverage for losses resulting from hurricanes, except for flood loss associated with the hurricane. ( This would be covered under a FLOOD policy.) However, some policies only provide limited coverage for Hurricanes, or require that a higher deductible be purchased specifically for the hurricane peril. A Hurricane deductible is usually a percentage of your dwelling insured value, and it ranged from a 1% deductible up to a 5%deductible depending on how close you are to water, or based on the hurricane guidelines for that specific company for your territory.
There are two kinds of wind damage deductibles: Hurricane Deductibles, which apply to damage solely from hurricanes, and wind storm or wind/hail deductibles, which apply to any kind of wind damage.
You may want to look over your Homeowners Insurance policy to see if there is a separate windstorm or wind/hail deductible, or a separate hurricane or some companies call it a “Named Storm” deductible. You should be aware of the terminology your insurance company uses to depict these separate deductibles in case you do have a claim caused by these perils.
As always. if you have any questions or concerns about your coverage, feel free to contact our agency, and a licensed agent will be happy to go over your policy with you.
–Greg Clem, Personal Lines Customer Service Representative