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Quote:
Originally Posted by bimmertl
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.
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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%