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Check your insurance coverage as hurricane season arrives (

November 14, 2012 by  
Filed under Articles and Features

As we near the most active part of the Atlantic hurricane season, homeowners in coastal areas should take a closer look at their insurance coverage. Unlike traditional homeowners insurance, the windstorm or hurricane part of a policy carries a higher deductible that can be as much as 5 percent of the home’s value. Having the right insurance in place, and the funds to cover the deductible, can make a world of difference in recovering from a storm.

Hurricanes trigger higher deductibles

While traditional homeowners insurance policies often have a set deductible ranging from $500 to $5,000, hurricane deductibles are usually based on a percentage of the home’s value, says Michael Barry, vice president of Media Relations for the Insurance Information Institute. This often ranges from 1 to 5 percent. “It can really be a significant sum of money,” says Barry. “If your house is insured for $200,000, you would be on the hook for $10,000 before your insurance kicks in.”

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