Filing another storm insurance claim could result in a lower deductible in Florida

orlando, florida – Florida residents filing property damage claims from Tropical Storm Nicole may get a lower deductible if they already meet their insurance deductible for Hurricane Ian.

So-called one-season hurricane deductible Florida Law 627.701 Limits the amount of hurricane deductions a resident pays in a calendar year.

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Former state insurance commissioner Lisa Miller told News 6 that the law covers storm damage caused by a second hurricane in the same calendar year.

“Ironically, having two storm claims in a year can actually cover the deductible,” says Miller. “They have the Ian deductible and now they have the Nicole deductible and reduce the overall deductible. It works like health insurance.”

Coverage is for storm damage only, not for flood insurance.

Under the policy, you will have to pay the costs associated with the “all hazards deductible,” but they are much less than the deductible set for hurricane coverage.

Rising insurance premiums and concerns about businesses leaving Florida are troubling residents across the state.

Miller told News 6 that the companies she spoke to are committed to serving their customers.

Ana Regina Myra, principal agent for American Insurance Points, said a major concern after such a storm was unscrupulous contractors looking to capitalize on the need to complete repairs quickly. I got

“Don’t sign a transfer of interest,” warned Myra. “This is very serious as you are transferring your rights to these companies.”

“We are in dangerous times right now,” Miller told News 6. I’ve got what another big storm can do.

For more information on Florida law, Website of the Florida Chief Financial Officer.

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