Quote:
Originally Posted by Misky1951
A friend showed me his home owners insurance renewal. There was a new deductible of $15k for wind damage. Looks like it's an attempt of the insurance company to limit their exposure for new roofs for wind damage that has been happening in TV a lot lately.
It will be interesting to see if this is a trend.
|
You need to read your homeowners policy very carefully. You may have as many as 3 different deductibles for wind depending on what type of wind occurs. There could be a wind deductible, a "named storm" deductible, and a hurricane deductible. These may all be different deductible amounts, even though the damage was caused by wind. You can also purchase additional coverage with different deductibles depending on what you think you need.