Calendar Year Hurricane Deductible. That means that the deductible can be exhausted only once during each. The general rule is that the insurer must offer hurricane deductible options of:
A higher deductible means a lower premium, but make sure you can afford the deductible if a claim arises. Florida laws are very specific regarding when the hurricane deductible applies, for what duration of time and how many can be applied in a calendar year.
The Deductible Applies On A Calendar Year Basis.
How often do i have to pay a hurricane deductible?
The Hurricane Deductible Of A Personal Lines Residential Applies On An Annual Basis To All Covered Hurricane Losses That Occur During The Calendar Year For Losses That Are Covered.
How are hurricane deductibles calculated?
The Hurricane Deductible Shall Apply On An Annual Basis To All Covered Hurricane Losses That Occur During The Calendar Year For Losses That Are Covered Under One Or More Policies.
Images References :
How Much Is My Hurricane Deductible?
In florida, you only have to pay one hurricane deductible within the calendar year, provided you are insured with the same insurance company or group.
2 Percent Of The Policy Dwelling Or Structure Limits;
(for commercial residential policies such as a condominium association policy, the customer can select either a hurricane.
National Hurricane Center Are Subject To A Hurricane Deductible.
