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    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #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's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #2

    Aug 28, 2016, 07:40 PM
    House deductible is $12,880
    Other structures $ 1,288
    ebaines's Avatar
    ebaines Posts: 12,130, Reputation: 1307
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    #3

    Aug 31, 2016, 05:40 AM
    This phrase makes no sense:

    Quote 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's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #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
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    Cat1864's Avatar
    Cat1864 Posts: 8,007, Reputation: 3687
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    #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's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #6

    Aug 31, 2016, 10:16 AM
    Thank you.
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #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's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #8

    Sep 1, 2016, 04:09 AM
    Quote Originally Posted by ma0641 View Post
    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's Avatar
    catonsville Posts: 894, Reputation: 91
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    #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's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #10

    Sep 1, 2016, 07:38 AM
    This location is inland too. But it is Florida.
    catonsville's Avatar
    catonsville Posts: 894, Reputation: 91
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    #11

    Sep 1, 2016, 08:22 AM
    Quote Originally Posted by pastor1189 View Post
    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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