Yes — but coastal builders risk policies typically include a separate named-storm or hurricane deductible (commonly 2% to 5% of the total insured value) rather than a flat-dollar deductible. On a $500,000 project with a 5% wind deductible, that means the contractor or owner is responsible for the first $25,000 of any hurricane-related loss.
For projects in Florida, Louisiana, coastal Mississippi, Alabama, North Carolina, and Georgia, named-storm provisions are critical.
