Increased Wind/Hail Deductibles

The Wind/Hail Deductible is a separate deductible applied to your home policy in case of a loss due to wind or hail.

What do you need to know?

• Many companies now offer, and sometimes require, a separate Wind/Hail deductible, which is higher than your policy deductible.
• If required, these higher deductibles are automatically increased at the renewal.
• Wind/hail deductibles could be a flat amount or a percentage of the dwelling (for example – a 1% deductible on a home insured at $500,000 is a $5,000 deductible).
• These increased deductibles are automatically added to some renewal policies depending on the roof age and/or the overall deductible on the policy.
• This could mean that the deductible you are paying out of your pocket for a wind/hail claim will be more than your overall deductible on the policy.

Why are insurance companies doing this?

• Cost control—Amidst rising costs, insurance companies are looking for ways to manage expenses. Soaring materials and labor costs can impact insurance payouts, which ultimately translates to affordable insurance premiums.
• Risk management – companies can better predict their financial obligations by shifting some of the risk back to the client.

What can you do?

1. Please make sure that we have the most up-to-date year that your roof was last replaced. Newer roofs have fewer restrictions on coverage and prices.
2. Review your policies, at minimum, annually to ensure that all coverages are correct, you are aware of your deductibles, and so that there are no surprises if you have a claim.
3. Have your roof inspected by a trusted local roofer. Address any loose, broken, or worn shingles, loose nails, cracked sealant, flashing, moss growth, or other repairs now.
4. Ensure the gutters and downspouts are secure and have been cleared of debris.
5. Trim overhanging limbs, prune trees around the property as needed, and inspect trees for damage after a major storm.
6. Call us.  We want to help.

As we navigate the complexities of the present, we remain steadfast in our commitment to your future.  Looking to the horizon, we see a landscape of opportunities and challenges that we are eager to explore alongside you. Your trust in us fuels our dedication to seeking out the paths forward.