The Hurricane Deductible is shown on the Coverage tab in the Portal when the property address indicates the risk is susceptible to a hurricane loss.
The deductible will be a flat stated amount listed in the policy, and specific coastal exposures will be required to carry the $500 minimum deductible.
In Virginia, the Hurricane Deductible will initially be the same as the Wind / Hail Deductible when quoting. It may be subject to a minimum deductible ($5,000 or $10,000, depending on the coastal zone) and cannot exceed 10% of the Replacement Cost Estimate (RCE).
In Delaware, the Hurricane Deductible for homes in coastal zones will be set in dollars. Coastal Zones 1-2 will have a minimum deductible of $25K, Coastal Zone 3 will have a minimum deductible of $10K, and Coastal Zone 4 will have a minimum deductible of $5K.
It will be in effect during the following periods:
- Beginning at the time a hurricane watch or warning is issued or declared for any part of the state by the National Hurricane Center of the National Weather Service;
- Ending 24 hours following the termination of the last hurricane watch or hurricane warning for any part of the state by the National Hurricane Center of the National Weather Service
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