Lock Insurance has been in business quite awhile and have been through several hurricanes, but hurricane Irma really showed who and what was covered. A lot of insured do not realize how high their deductible was for Hurricanes. We also found that they did not know there was a lower hurricane deductible option.
In Florida the 2%, 5% and 10% deductible is a calendar year deductible, which means that it is a percentage of your structure amount dwelling. For instance, $100,000 thousand dollar house with a 2% deductible would result in the homeowner being responsible for the first $2,000 dollars from a named storm event.
What happens if there are multiple named storms in a single calendar year and you have to file more than one hurricane claim? Once your deductible has been met, you have no further deductible responsibility for that year.
In the past few years some carriers have started offering Hurricane Deductibles as low as $500.00 dollars.
Contact us today and find out more so you will not be caught with High out of pocket cost for minimal difference in price when the next storm is coming in.
I want a quote for $500.00 deductible for hurricanes. Click Here.
Don Westerfeld has been active in the field of Insurance and Financial Planning since 1997. Don grew up in Indiana later moving to Lakeland Florida where he continues to reside with his wife and children. When he’s not in the office you can find him enjoying the great outdoors. He has served on several charitable business and non-profit organizations and continues to provide guidance, advice and support to local charities.
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.