Talk of The Villages Florida - View Single Post - Hurricane Vs standard deduction
View Single Post
 
Old 08-27-2024, 11:57 AM
gorillarick gorillarick is offline
Senior Member
Join Date: Jul 2021
Posts: 279
Thanks: 96
Thanked 208 Times in 108 Posts
Default

a
Quote:
Originally Posted by bimmertl View Post
My State Farm HO policy has a 2% deductible (2% of the dwelling limits) for hurricane damage.

If you had 400K in dwelling coverage you would have an $8,000 deductible for hurricane damae.
Yes, this is typical. Never seen an insurance policy that covers hurricane damage without the 2%. I'm sure that was negotiated with state's insurance commissions.

Your mortgage company will require you to have hurricane coverage, otherwise you can refuse it.

Maybe Lloyds of London would be interested in selling you a policy for 100%

Last edited by gorillarick; 08-27-2024 at 01:08 PM. Reason: add