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. 

Screenshot_2023-05-17_at_4.04.49_PM.png

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

For further assistance, contact us via our webform or Live Chat.

Was this article helpful?
0 out of 0 found this helpful