pastor1189 Posts: 1,538, Reputation: 3 Ultra Member #1 Aug 28, 2016, 04:41 PM
Home Insurance
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 Posts: 15,681, Reputation: 1012 Uber Member #2 Aug 28, 2016, 07:40 PM
House deductible is \$12,880
Other structures \$ 1,288
 ebaines Posts: 12,130, Reputation: 1307 Expert #3 Aug 31, 2016, 05:40 AM
This phrase makes no sense:

Originally Posted by pastor1189
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 Posts: 1,538, Reputation: 3 Ultra Member #4 Aug 31, 2016, 07:44 AM
Home Insurance
Here is the section of the policy. Seems to me to be 10% of 12,880= \$1,288 Hurricane deductible
Attached Images

 Cat1864 Posts: 8,007, Reputation: 3687 Marriage Expert #5 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 Posts: 1,538, Reputation: 3 Ultra Member #6 Aug 31, 2016, 10:16 AM
Thank you.
 ma0641 Posts: 15,681, Reputation: 1012 Uber Member #7 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 Posts: 1,538, Reputation: 3 Ultra Member #8 Sep 1, 2016, 04:09 AM
Originally Posted by ma0641
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 Posts: 894, Reputation: 91 Senior Member #9 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 Posts: 1,538, Reputation: 3 Ultra Member #10 Sep 1, 2016, 07:38 AM
This location is inland too. But it is Florida.
 catonsville Posts: 894, Reputation: 91 Senior Member #11 Sep 1, 2016, 08:22 AM
Originally Posted by pastor1189
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.

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