What does Hurricane Deductible mean? Read on to discover the definition & meaning of the term Hurricane Deductible - to help you better understand the language used in insurance policies.
A hurricane deductible is an amount that is shouldered by a home insurance policy holder in the event of the occurrence of a hurricane. This amount comes from the policy holder's own pocket before the insurance company pays any amount in the event of a loss. Several deductibles may be attached to a policy; they may be fixed or a percentage of the amount insured.
We hope the you have a better understanding of the meaning of Hurricane Deductible.