WebApr 13, 2024 · Windstorm deductibles are less restrictive and can be applied to any source of wind damage — including hurricane damage. These deductibles can take shape of either a fixed amount or a percentage of the insured value of your home; this typically ranges from 1% to 5% of your dwelling coverage limit but can be higher — up to … WebHurricane Deductible $500 / 1% / 2% / 5% / 10% $500 / 2% / 5% / 10% All Other Perils Deductible $500 / $1,000 / $2,500 / $5,000 $500 / $1,000 / $2,500 Sinkhole Deductible …

Jami Kliner - Insurance Regulation Administrator - Florida

WebIf you believe the results are inaccurate, submit an address-review request to the Citizens Eligibility Department at [email protected]. WebAll insurers must offer a hurricane deductible of $500, 2 percent, 5 percent and 10 percent of the policy dwelling or structure limits. The percentages are based on the total value … how connect ai to a body

Background on: Hurricane and windstorm deductibles III

WebThe Florida Insurance Regulation office states that all homeowners insurance policies have at least a $500 deductible for hurricane coverage. There are, however, 2 and 3 percent types of options. About 70% of all Florida homeowners’ policies have a 2 percent option; if you purchase coverage worth $50,000, your deductible will be $1000. WebFlorida Specialty. Florida Specialty Insurance Company was ordered into receivership by the State of Florida on October 2, and its policies have been cancelled by order effective … WebApr 12, 2024 · Home insurance in Florida can be expensive, especially in coastal areas where the hurricane risk is highest. The average cost of home insurance in Florida is $4,218 a year for a policy with a 2% hurricane deductible, and $2,426 without the hurricane deductible.. In the aftermath of Hurricanes Ian and Nicole, it's projected to … how connect bluetooth to alexa