Courtesy of iii.org
The second thing to check NOW is the amount of your hurricane deductible. If your home is insured for over $100,000, you have a minimum 2 percent hurricane deductible. You can increase that deductible to as high as 10 percent. With three months left in hurricane season, are you confident you selected a deductible you can live with? Call your insurance professional and have The Talk.
You cant make changes to your insurance policy when a named storm is heading our way. As soon as the National Hurricane Center bestows a name on a tropical system, youre locked into whatever decision you made, within the timeframe set in the statute on hurricane deductibles.
Whats in a name? Well, it could be your money, so be proactive while keeping an eye on Gaston and Hermine, the two tropical storms getting weather forecasters attention.