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Florida is one of the states most prone to storms and hurricanes, which cause significant damage—something insurers don’t overlook. Most homeowner’s policies in the Sunshine State include protection against strong winds. However, many homeowners are unaware that their policy has a separate deductible for damages caused by hurricanes or named storms.

This deductible can be $500, 2%, 5%, or even 10% of the total home coverage limit. For example, if your coverage is $400,000 and your deductible is 2%, you would need to pay $8,000 in case of a hurricane damage claim, and the insurer would cover the rest.

How Is the Hurricane Loss Deductible Determined?

• Homes between $100,000 and $249,999:
  Insurers offer a $500 deductible or 2%, with a guarantee not to cancel the policy after a hurricane claim.
• Homes of $250,000 or more:
  By law, insurers must offer three deductible options: 2%, 5%, and 10%.
• Homes between $1 million and $3 million:
  Available deductibles can be 3%, 5%, and 10%.
• Homes over $3 million:
  Insurers are required to offer deductibles between 5% and 10%.

Can I Remove Windstorm Coverage?

Homeowners looking to lower insurance costs can opt to remove windstorm coverage by submitting a written and dated request to their insurer. However, this means that in case of wind or hurricane damage, the homeowner would have to cover all repair costs.

If your home has an active mortgage or lien, you must obtain authorization from your lender to remove this coverage, as banks require insurance to protect their investment while the loan is unpaid.

Make Informed Decisions About Your Insurance

If you want to understand how your policy protects you against windstorms or explore ways to lower your premium, talk to a specialized 51³Ô¹ÏºÚÁÏÍø agent today. Secure your peace of mind with the best home coverage!