Understanding Insurance Deductibles in Florida

A deductible is the amount a policyholder is responsible for before insurance coverage applies to a covered loss. Florida policies may include several deductible types.

A standard deductible is a fixed dollar amount. A percentage deductible is calculated as a percentage of the insured value of the property, which is common for wind or hurricane coverage in Florida.

Named-storm or hurricane deductibles may apply specifically to losses from named tropical systems, and they are often separate from the all-other-perils deductible.

Understanding which deductible applies to a given loss helps set realistic expectations about the claim. Your policy declarations page is the authoritative source.

This article is educational and does not interpret any specific policy; consult your policy and carrier for details.