With an increase in catastrophic storms across the country, you may discuss the possibility of having a wind/hail deductible with your agent. Keep reading to review what a wind/hail deductible is and how it can affect you in the event of a claim.
What is a Wind/Hail Deductible?
- A separate deductible that applies to home losses caused by wind, hail, tornadoes or other similar events.
What is the deductible limit?
- Percentage deductible, usually between 1-5% of your coverage A
- Example: COV A $350,000 with a wind hail deductible of 1%
- The deductible in this scenario is $3,500
Why is it important to review my policy home policy at renewal?
- Many carriers are beginning to add wind/hail deductibles to their home policies.
- The Coverage A limit can change upon renewal, thus changing the deductible amount as well.
Give Finlan a call at 734-453-6000 to speak to your agent to review your wind/hail deductible amount today!
