named storm deductible News

Zurich, Vertus Launch Hurricane Deductible Buy-Back Program in Florida

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 …

Louisiana Seeks to Clarify Named Storm/Hurricane Deductible Law

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. …