What is the Hurricane Deductible?

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. 

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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).

 

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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