On August 24, 1992, Hurricane Andrew struck Miami with losses that had never been seen in America before.  Andrew caused most carrier to stop writing property coverage in the state and a state pool the Florida Joint Underwriting Association FJUA (now known as Citizens) was formed to provide coverage for Florida homeowners.  A special hurricane wind deductible percentage was established forcing Florida homeowners to participate in future losses.  It was believed that adding a wind percentage deductible would give the FJUA stability and attract private carriers back to the state.  So how exactly does a wind deductible work?

The wind deductible is a percentage–typically 2, 5 and 10 percent–of coverage A which is the insured Dwelling value.  For example a 100,000 coverage “A” policy with a 10% wind deductible has a 10,000 deductible.  These Deductibles are annual so that if you experience more than one loss in a year you are only assessed the deductible one time.  The wind deductible is assessed when your home is damaged by a named storm/hurricane.  Additionally some carriers have a deductible called “Other Wind” which refers to a non-named storm deductible.  For any other type of covered loss on your policy you will have what is called an “All Other Peril” deductible and this number traditionally is a dollar amount 500, 1000, 2500 or more.

When shopping for hurricane coverage it is important to note that there are minimal savings in increasing a wind deductible on your policy.  The best way to shop for coverage is to receive quotes from multiple carriers as prices vary significantly.  Additionally some carriers give money saving perks such as disappearing wind deductibles.  A disappearing deductible is given to clients with no wind claims for 5 years or more and are free perks.

Home Insurance in Florida is a significant investment knowing your deductible options is important as we head into Hurricane season.

With the tag line “More Options. More Savings”​,​ Triton promotes the ability to offer clients hundreds of quotes from leading carriers. The agency offers home, auto, umbrella, business and worker’s compensations products. Since 1993 Triton Agency has forged a path leading the way through Florida’s very complex insurance environment. Call us today for more information!

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Prior to Storm 

Create an Evacuation Plan. This includes the removal of all detachable items from your boat. These items include cushions, dinghies, sails, and any other item you deem necessary. In the circumstance that your boat is docked in a marina- talk to the operator about how to pull your boat from the water and or how to tie it up. 

• Practice Boat Evacuation Drills
• Prepare Emergency Supplies
• Keep Boat Radio Charged
• Secure Important Documents

When the Storm is Forthcoming

On average there are about 12 to 24 hours of advance warning to prepare for a hurricane. One must continue being alert and aware of updates predicting the storms path and behaviors throughout the entirety of the storm. If you plan to keep your boat in the water there are certain guidelines and precautionary procedures that need to be completed. 

• In order to prepare your boat, begin by shutting off the boat’s main electrical system and the removing of the battery. 
• Anchor your boat with at least two anchors and arrange the position to point in the direction of the prevailing winds. 
• In order to counterbalance the effects of a storm surge the anchor lines must be 10 times the water depth at the docked location. 
• Cover the vents to the engine room and also to avoid water from flooding your motor- plug the stern’s exhaust pipes.

With the tag line “More Options. More Savings”​,​ Triton promotes the ability to offer clients hundreds of quotes from leading carriers. The agency offers home, auto, umbrella, business and worker’s compensations products. Since 1993 Triton Agency has forged a path leading the way through Florida’s very complex insurance environment. Call us today for more information!

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