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Jul. 12, 2021
What You Should Know About Named Storm Deductibles
Some insurance policies have a special deductible for losses caused by named storms. The insurer applies this deductible only when a named storm causes damage. This deductible is separate and different from the normal deductible in a homeowners policy. A deductible is the amount you, the policyholder, owe before your insurance company starts paying its share of the loss. Insurers do this to reduce their financial exposure. Here’s what you should know about named storm deductibles.
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