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Hurricane Deductible

What Does Hurricane Deductible Mean?

A hurricane deductible is a set amount that a policyholder must pay out-of-pocket before their insurance coverage kicks in for hurricane damage.

 

Hurricane deductibles are often higher than standard property insurance ones, especially in regions prone to hurricanes. This is because hurricanes can cause widespread damage and lead to a significant increase in insurance claims. By requiring a higher deductible, insurance companies can help manage their risk and keep premiums affordable for policyholders.

 

It’s important to note that hurricane deductibles may vary depending on the specific insurance policy, the location of the property, and the severity of the storm.

How Does the Hurricane Deductible Work at PSIC?

At PSIC, we understand that hurricanes can cause significant damage to your property. To ensure we can provide the best possible coverage, our Homeowners, Condo, Mobile Home, and Landlord insurance policies include specific deductibles for hurricane damage.

 

The amount of your hurricane deductible can vary based on several factors, including your location and the specific coverage you’ve chosen. You’ll find the exact details of your coverage on your policy’s declaration page.

 

We recommend you review your policy carefully to understand your coverage and the specific terms related to hurricane deductibles. If you have any questions or concerns, reach out to your insurance agent. They can provide personalized guidance and help you make informed decisions.

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