What is a hurricane premium?

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The term usually refers to what is, strictly speaking, a hurricane deductible on a homeowners insurance policy: an extra amount a homeowner must pay before the insurer will cover the damage or destruction caused by a hurricane.

What is the average hurricane deductible in Florida?

Florida Hurricane Deductibles The hurricane deductible applies only once during a hurricane season. All insurers must offer a hurricane deductible of $500, 2 percent, 5 percent and 10 percent of the policy dwelling or structure limits. Jun 23, 2021

Is wind and hail insurance the same as hurricane?

Hurricane or named storm deductibles – Pays for damage from named hurricanes and/or tropical storms. Windstorm, wind, or wind and hail deductibles – Can pay for any damage caused by wind storms, such as thunderstorms and straight-line winds, wind and hail, and hurricanes and tropical storms.