What is the Hurricane Deductible in Louisiana?

A typical hurricane deductible amount would be 2-5% of the home’s insured value. Equally important, hurricane deductibles in Louisiana can be a specific dollar amount or a percentage of the insured value, but ultimately your policy determines the exact amount. For example, let’s say your home’s insured value is $200,000 and the hurricane deductible amount is 3%. That makes the hurricane deductible $6,000.

Keep in mind that a hurricane deductible applies on an annual basis and can apply if the damage has already been done. So if you’re a Louisiana homeowner that has experienced two or more losses in the same calendar year, you should total your losses and apply the deductible once. Furthermore, the amount you have to pay out of pocket for hurricane damage can be significantly increased by a hurricane deductible. It’s important to examine your policy to ensure it’s treating you fairly and meets your needs. 

Damage to your house from a hurricane has the potential to have long-term emotional and financial effects on not only you but your loved ones as well. If you have questions about your hurricane deductible, get in touch with us at Gordon McKernan Injury Attorneys. Our hurricane claim attorneys make sure to hold insurance companies accountable, so you can trust that our team will review your deductible and focus on maximizing your recovery. Call us today at 888.501.7888 for a free consultation!