Make sure you understand hurricanes and your Alabama home insurance

A deductible is usually defined as a fixed amount that you agree to pay for losses before your Alabama home insurance company pays the rest of the bill. However, in the case of hurricane insurance, your deductible may be calculated as a percentage of your home’s value.

 

Alabama is one of a number of states that permits hurricane deductibles in insurance policies. Deductibles can be anywhere between one and five per cent of your property’s value. The higher your deductible is the lower your premiums might be. When deciding on a deductible, you need to be aware of your property’s current market value and assess whether you will be able to afford the deductible if your property was damaged by a hurricane.

 

It’s imperative to make sure your Alabama home insurance policy is up to date, especially during the hurricane season. The devastating storms that tore through the south in April, 2011 is all the motivation any Alabaman could ever need to make sure their insurance policy is active. To do this, always make sure your premiums are paid on time and your policy renewed before it expires. Any insurance documents should be kept in a safe place, protected from any damage that could occur as a result of a violent storm.

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