Homeowners Spared Costly Hurricane Deductible

Many homeowner insurance policies have a hurricane deductible based on a percentage of the property’s insured value — typically from 1% to 5%. For instance, a homeowner with a 5% deductible would pay for the first $15,000 of damage on a home insured for $300,000. Although Sandy was designated a hurricane for the majority of time it traveled up the coast, it failed to sustain hurricane-force winds at landfall, so… Read More »