Claims Education · October 18, 2023

Understanding Your Insurance Policy, Coverage & Deductibles

Understanding Your Insurance Policy, Coverage & Deductibles

Read it before you need it

A property insurance policy is a legal contract full of terms that quietly control your payout: coverage limits, sub-limits, exclusions, and — increasingly important — separate hurricane and wind deductibles.

Coverage basics

  • Dwelling (Coverage A) — the structure itself
  • Other structures (B) — fences, sheds, docks
  • Personal property (C) — your belongings
  • Loss of use (D) — living expenses while displaced

Deductibles that surprise people

Many coastal policies carry a percentage hurricane deductible — often 2% to 5% of the dwelling limit — which can mean tens of thousands out of pocket before coverage even begins. Know yours before a storm season, not after.

Not sure what your policy really covers? Cordo Claims Group will review it with you. Call (877) 552-6736.

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