Give Your Clients a Stronghold in Resolving their Hurricane Sally and Tropical Storm Eta Claims
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If you have clients who are still grappling with their Hurricane Sally and Tropical Storm Eta claims, give them a skilled line of defense with HL Law Group. Our practice focuses on property damage claims, and we represent the insured only – not the insurance company.
Understanding the basics is a solid foundation for understanding insurance policy language. The Florida Department of Financial Resources offers the following definitions pertaining to hurricane insurance coverage and deductibles:
What is the definition of Hurricane Coverage?
“Hurricane coverage” is coverage for loss or damage caused by windstorm during a hurricane. The term includes damage to the interior of a building or to property inside a building, caused by rain, snow, sleet, hail, sand or dust if the direct force of the windstorm first damages the building, causing an opening through which rain, snow, sleet, hail, sand or dust enters and causes damage anywhere in the state of Florida. This is also found in s. 627.4025, Florida Statutes.
When does the Hurricane Deductible apply?
According to s. 627.4025, Florida Statutes, the Hurricane Deductible applies only in the event of a named hurricane. The duration of a hurricane in which the Hurricane Deductible would apply includes the time period:
1) Beginning at the time a hurricane watch or warning is issued for any part of Florida by the National Hurricane Center. Remember, it must be a “hurricane” declared by the National Hurricane Center; and
2) Ending 72 hours following the termination of the last hurricane watch or hurricane warning issued for any part of Florida by the National Hurricane Center.
How is the Hurricane Deductible applied to my policy?
The single season Hurricane Deductible applies to personal lines residential property policies. The provision states that after the first Hurricane Deductible has been applied, the deductible for the second hurricane (during the same year) will be the greater of the amount left over from the first Hurricane Deductible, if the deductible had not been met or the “all peril” deductible. If the Hurricane Deductible was met in full with the first hurricane claim, the “all peril” deductible would apply to other hurricane claims that occur the same year.
Commercial residential policies, for example, condo association policies, must provide either a Hurricane Deductible as described above or one with a separate Hurricane Deductible for each hurricane.
The Single Season Hurricane Deductible is not required under policies issued in the Surplus Lines Market.
Trying to make sense of the terms found in individual insurance policies can be confusing and overwhelming. HL Law Group can help your clients better understand the policy terminology, determine if their claims were underpaid or why they were denied.
A smart resource for your clients and your firm, partner with us through the HL Law Group Attorney Co-Counsel Network and receive a 25% co-counsel fee when you refer a case through the program.
To learn more about the HL Law Group Attorney Co-Counsel Network and fee program, please call us at (855) 713-1212 or email us at email@example.com. And visit us at https://www.hllawgroup.com/ to learn more about our practice.