Home insurance deductibles are the out-of-pocket expenses you’ll need to pay before your insurance kicks in. Homes in coastal areas may have separate deductibles for different types of storms, according to the Insurance Information Institute. [1] Windstorm deductibleAlso called a wind/hail deductible, your insurer may require you to pay this for different instances of wind and hail damage, like from a tornado.Hurricane deductibleThis is typically only triggered when the National Weather Service (NWS) or National Hurricane Center (NHC) reports winds of 74+ mph.Named storm deductibleThis is usually triggered when a tropical storm is officially declared by the NWS or NHC.
Source: Guide to Coastal Home Insurance in 2023 – Policygenius
