View Full Version : Home Insurance
pastor1189
Aug 28, 2016, 04:41 PM
Hurricane Deductible 10% of $12,880
A: Dwelling $128,800
B: Other Structures $12,880
So is the Hurricane Deductible $1,288 is that the way you figure it?
ma0641
Aug 28, 2016, 07:40 PM
House deductible is $12,880
Other structures $ 1,288
ebaines
Aug 31, 2016, 05:40 AM
This phrase makes no sense:
Hurricane Deductible 10% of $12,880
Hurricane deductibles are typically quoted as a percentage of the insured value. Perhaps there's a typo, and it should read: "Hurricane Deductible 10% or $12,880."
pastor1189
Aug 31, 2016, 07:44 AM
Here is the section of the policy. Seems to me to be 10% of 12,880= $1,288 Hurricane deductible
Cat1864
Aug 31, 2016, 09:14 AM
pastor, the line says: Hurricane Deductible 10% = $12,880.
The equals sign means $12,880 is 10% of the amount used to calculate the HD. In this case, it looks like 10% of the dwelling coverage which is listed as $128,800.
pastor1189
Aug 31, 2016, 10:16 AM
Thank you.
ma0641
Aug 31, 2016, 08:37 PM
Sorry, 10% X $128,800 for Hurricane and same for sinkhole. Wow, that's a lot of premium for $128,000 coverage.
pastor1189
Sep 1, 2016, 04:09 AM
Sorry, 10% X $128,800 for Hurricane and same for sinkhole. Wow, that's a lot of premium for $128,000 coverage.
Yes the annual premium is 3,263
catonsville
Sep 1, 2016, 07:24 AM
Sounds like you are living in an area where probability is high, as noted by the annual premium. I would consider moving out of that area.
pastor1189
Sep 1, 2016, 07:38 AM
This location is inland too. But it is Florida.
catonsville
Sep 1, 2016, 08:22 AM
This location is inland too. But it is Florida.
That is what is called, " A Gotcha". I just 4 years, you have already paid your deductible.