New analysis examines how percentage-based hurricane deductibles impact homeowner liability and insurance coverage in high-risk coastal areas.
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Homeowners in storm-prone regions like South Texas face increasing financial pressure as percentage-based deductibles replace flat-fee structures. These calculations often lead to higher out-of-pocket costs during major windstorm events.
Unlike flat-fee deductibles, percentage-based deductibles are calculated as a portion of the home's total insured value, often resulting in higher costs during catastrophic damage.