Should a hurricane hit your home, you may be surprised by the amount of out-of-pocket expenses you may be facing. It’s probably larger than you think

Hurricanes hit our state twice in 2016, causing an estimated $6 billion in insured losses. Homeowners in their paths were faced with very large deductibles and out-of-pocket expenses.

Prior to 2016, the last major hurricane season (2004-2005) resulted in $22 billion in property loses with $1.6 billion in deductibles incurred by consumers

In Florida, hurricane deductibles typically range from 2% to 10% of your home’s insured value… this means you are facing very large out-of-pocket costs before your homeowner carrier pays anything.

The chart below illustrates the relationship between insurance coverage and your out-of-pocket deductible expenses. Since the majority of Florida homeowners policies carry a 2% hurricane deductible, the three examples show who is responsible for a $20,000 post-storm restoration (e.g. major roof repair), depending on the home’s insured value:

Based on 2% Hurricane Deductible:
Home Insured Value: $250,000 $500,000 $750,000
Covered damage/loss: $20,000 $20,000 $20,000
Insurance covers: $15,000 $10,000 $5,000
Homeowner responsibility* $5,000 $10,000 $15,000

*2% deductible amount= hurricane deductible %multiplied by home’s insured value

Make sure you have right coverage to protect both your home and your personal out-of-pocket expenses from hurricane damage.


A new insurance product that can eliminate your hurricane deductible and cover many of your additional out-of-pocket costs. Now available

Total and timely reimbursement of up to 100% of your homeowner policy’s hurricane deductible, with claims paid usually in 3-5 business days

Provides $5,000 of additional protection for items not typically covered in full in your underlying policy (e.g. screened enclosures, fences, debris removal) plus mandatory evacuation expenses and generator rental expenses

You can purchase your policy now to provide you and your family added financial security for the entire 2017 hurricane season

Premium (annual policy cost) depends on a number of variables (e.g. home age and value; distance to the coast, etc. ) & is very affordable (generally less than $1 per day for a $500,000 home)…ask us for a quote.

Greater peace of mind & greater economic benefit through added hurricane protection