|
|
|
|
Ultra Member
|
|
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?
|
|
|
Uber Member
|
|
Aug 28, 2016, 07:40 PM
|
|
House deductible is $12,880
Other structures $ 1,288
|
|
|
Expert
|
|
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."
|
|
|
Ultra Member
|
|
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
|
|
|
Marriage Expert
|
|
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.
|
|
|
Ultra Member
|
|
Aug 31, 2016, 10:16 AM
|
|
Thank you.
|
|
|
Uber Member
|
|
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.
|
|
|
Ultra Member
|
|
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
|
|
|
Senior Member
|
|
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.
|
|
|
Ultra Member
|
|
Sep 1, 2016, 07:38 AM
|
|
This location is inland too. But it is Florida.
|
|
|
Senior Member
|
|
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.
|
|
Question Tools |
Search this Question |
|
|
Add your answer here.
Check out some similar questions!
Home insurance
[ 2 Answers ]
My upstairs neighbor has had a burst pipe and the water has ran down my walls, I don't have insurance what rights have I got? Thanks
Do I still need home insurance
[ 1 Answers ]
Do I still need house insurance legally if I have paid off my mortgage? I live in the house but have recently found out that insurance companies do not insure the walls of the house!! Unless they have fallen down and the
Foundations of the house move at the same time!! How many time would that...
View more questions
Search
|