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Hurricane Preparedness: Understanding Your Deductible
June 22, 2021
Justen S. Fischer
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Hurricane Preparedness Week , Insurance Deductibles
Property policies typically contain deductible provisions, which set forth the amount of money an insured must pay toward a loss before the insurance company starts to pay. These provisions allow the insurer to reduce the amount it must pay for property damage by the deductible amount. In most cases, if the amount of the loss is less than or equal to the deductible amount, the insurer will not pay for that loss.