Hurricane Deductible
A higher deductible that applies specifically to damage caused by hurricanes.
Detailed Explanation
In coastal areas prone to hurricanes, insurers often implement percentage-based hurricane deductibles (typically 1-5% of the home's insured value) rather than the standard fixed-dollar deductible that applies to other perils.
Practical Example
With a home insured for $300,000 and a 2% hurricane deductible, Maria was responsible for $6,000 out of pocket before her insurance covered the remaining damage after a hurricane struck her coastal community.
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