Florida homeowners and landlord policies usually carry two deductibles: an all other perils deductible, a flat dollar amount, and a hurricane deductible, commonly 2%, 5% or 10% of the dwelling coverage.
Work out the dollars
A home insured for $400,000 with a 2% hurricane deductible has an $8,000 deductible for hurricane damage. At 5%, it is $20,000.
How it applies
In Florida, the hurricane deductible generally applies once per calendar hurricane season to hurricane losses, rather than once per storm. Read your policy declarations and ask your agent how it applies.
Plan for it
- Keep the deductible amount in your reserve or emergency fund before hurricane season.
- Flood damage is usually covered only by a separate flood policy.
- Photograph the property before the season for any claim.
Our hurricane deductible calculator shows your out-of-pocket amount.
General information. Your policy and your agent decide what applies.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
