In FL getting paid for a smaller HO INS claim is tougher, as most policies will have a 2% or 3% deductible, so is your dwelling coverage is $500K, you pay at least the first $10K of damages.
I have seen this change from a $1,000 deductible to where it is now, you can blame fraud and insurance adjusters for the current situation.
I think this will only get higher in the future, as no HO INS company claims to make money in FL, and one major storm in a highly-populated county will bankrupt over 50% of the carriers.
|