What is 2% hurricane deductible?

What is 2% hurricane deductible?

While a regular homeowners insurance policy deductible is a fixed dollar amount—say, $500 or $2,000—a hurricane deductible might be 2% to 5% percent of a home’s insured value, or $2,000 to $5,000 for every $100,000 in home coverage.

How much extra is hurricane insurance in Florida?

Therefore, on average, Florida homeowners pay approximately $2,674 per year in premiums to protect against hurricane damage. In addition, all Florida homeowners are subject to a special deductible for hurricane damage.

Does homeowners insurance cover hurricane damage in Florida?

Coverage for Wind Damage Most homeowners’ insurance policies in Florida cover damage caused by windstorms, hurricanes, and hail, unless you sign to specifically waive the coverage.