rgatijnet1 wrote:
One interesting thing with homeowner Hurricane insurance is the deductibles. A normal hurricane deductible is 5% altho you can pay extra to get it lower and some companies will insist on a higher deductible.
The way it works is figured on your agreed insurance amount. Lets say that you want your home insured for $100,000. The 5% deductible means that your claim must exceed $5,000 before the insurance company will pay anything. Basically this deductible will exceed any claims by anyone that looses power and has food spoil, etc.
For normal homeowner claims, the deductible may only be $1000 but once a hurricane is involved, the higher deductibles go in to effect.
Yes, and when Charley came through in 2004, this caught everyone by complete surprise. We all thought we had our normal deductible to find out it was much, much more. We hadn't dealt with a hurricane here since 1960.
Both of our sons in Lakeland still do not have power. Ironically, we never lost power or cable in Winter Haven/Lake Wales though there are neighborhoods all around us with none. Talked to someone today from Lake Wales who won't have power for another 2 weeks. She has a well, so no water since no power. She has a 2-yr. old and said it's like being on a bad camping trip. LOL At least she's kept her sense of humor.
