Sep 27, 2017
About Florida Hurricane Deductibles
The hurricane deductible is mandated by Florida statutes. Deductible is expressed as a percentage, typically 2-5%, of the coverage amount, not a percentage of the loss. For an example, a structure insured for $200,000 with a two percent deductible would have a deductible of $4,000 for damage caused by a hurricane. The hurricane deductible applies […]
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