A named storm deductible is a special percentage-based deductible that applies when a hurricane or named tropical storm causes damage. Unlike a standard flat-dollar deductible, named storm deductibles are 1%-10% of your dwelling coverage value. On a $300,000 home with a 3% deductible, you owe $9,000 before insurance pays. Named storm deductibles vary by state: Florida 2%-10%, Louisiana 2%-5%, Mississippi and Alabama 2%-5%, North Carolina 1%-5%, and Georgia 1%-3%.
Always check your declarations page to confirm your deductible before storm season. Bridgeway agents can help you understand your deductible and explore options. See our state guides: Florida | North Carolina | Alabama.
