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Hurricane Deductible

Hurricane Deductible is a term used in insurance sector for an amount one must pay out-of-pocket before hurricane insurance will kick in. Many insurers in hurricane-prone states are selling homeowners insurance policies with percentage deductibles for storm damage, instead of the traditional dollar deductibles used for claims such as fire and theft. Percentage deductibles vary from one percent of a home's insured value to 15 percent, depending on many factors that differ by state and insurer.

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Page last modified on Saturday January 25, 2025 12:05:19 GMT-0000