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How to arrange your home — and your funds — for a hurricane

Pop quiz: What’s your hurricane deductible?

Separate from the usual deductible in your house owner’s protection, there could also be a further quantity you may must pay out-of-pocket earlier than your insurer will cowl hurricane injury.

Depending in your policy and the place you reside, your hurricane deductible could be as excessive as 5 p.c of your home’s insured worth. You may very well be on the hook for much more for those who reside in a high-risk location: Hurricane deductibles in Florida could be as much as 10 p.c of the insured worth.

These deductibles are in impact in 19 states and the District of Columbia, in accordance with the Insurance Information Institute.

The states are Alabama, Connecticut, Delaware, Florida, Georgia, Hawaii, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia.

Be positive to have the cash you may want both in your emergency fund or in a home fairness line.

Further, for those who’ve made updates to your home, contact your insurance agent or dealer. You’ll in all probability want to extend your protection, Camp mentioned.

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