Americas Insurance Company will be waiving a separate deductible for Hurricane Delta for Louisiana insureds that were impacted by both Hurricanes Laura and Delta, provided they have satisfied their full named-storm deductible. According to Louisiana Insurance Commissioner Jim Donelon, for …
Louisiana’s single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in the same hurricane season, the state insurance department is reminding vulnerable policyholders in advance of Hurricane Delta. Louisiana Insurance Commissioner Jim Donelon wants …
Zurich has launched Cat4Home, a new hurricane deductible buy-back program through Vertus Insurance Partners. Cat4Home is a supplemental insurance policy available to residential homeowners in Florida and covers 100% of the hurricane deductible, generally seen as 1% to 5% of …
The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in relation to named storms/hurricanes/subtropical storms. Advisory Letter No. …
