According to the Insurance Information Institute, hurricane deductibles are commonly 1% to 5% of a home’s insured value rather than a flat dollar amount. For a home insured for $400,000, that could mean paying $4,000 to $20,000 out of pocket before insurance begins covering hurricane damage. Before stronger storms arrive, homeowners should review five important insurance clauses that can determine whether a claim feels straightforward or frustrating.
“The best time to review your insurance policy is before a storm is on the radar,” said Mark Friedlander, senior director of media relations at the Insurance Information Institute. “Understanding your deductibles, exclusions and coverage limits before hurricane season can prevent unpleasant surprises during the claims process.”
