According to a US government report, 2017 was one of the costliest years on record for natural disasters in the US, totaling about $306 billion. With 17 named storms, last year’s hurricane season was hyperactive and the damage was catastrophic.
Several agencies are making predictions for another active storm season in 2018. Don’t wait until the threat of a storm is near, putting binding restrictions in place, to ensure you have proper coverages. Contact your agent and review your policies and deductible amounts.
Last year was the first year that hurricane percentage deductibles really came into play. As many experienced firsthand, these deductibles can be quite a financial burden, ranging typically from 2-5% of your amount of dwelling coverage, which will almost always equate to several thousands of dollars.
Bouchard Insurance now has Hurricane Deductible Buy Back policies. These policies help alleviate the financial burden of a hurricane deductible. By purchasing this inexpensive policy you decrease this typically large deductible down to zero.
About the Author
Brandy Mayhew is a Personal Lines Account Manager at Bouchard Insurance. Brandy is experienced in all lines of personal insurance. | Connect on LinkedIn