Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season CADO Admin / Thursday, October 8, 2020 / Categories: DOI 10/8/2020 Louisiana DOI Press Release Louisiana Insurance Commissioner Jim Donelon is reminding policyholders affected by Hurricane Laura and who may be affected by Hurricane Delta that the single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in the same hurricane season. If a policyholder has already filed a claim for hurricane damage during the 2020 season and met their named-storm/hurricane deductible, they will not have to pay that named-storm/hurricane deductible again if their home sustains damage from Hurricane Delta or any other storm this season. If any previous claims for named-storm/hurricane damage fell below the named-storm/hurricane deductible, the remainder of that deductible will apply to the second storm if the remainder is greater than the standard policy deductible. The above is from the DOI News Release a link to the full release is below. Tags Hurricanes DOI Louisiana Deductibles More links Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season Source of the above The single season named-storm/hurricane deductible law This is the link to the law provided in the release above Related articles Hawaii Declaration from the State Insurance Commissioner regarding assistance of nonresident independent adjusters due to fires across the state NOAA predicts above-normal 2022 Atlantic Hurricane Season First tropical wave of the 2022 Season CSU June 2,2022 Hurricane Season Update COLORADO STATE UNIVERSITY FORECAST OF ATLANTIC HURRICANE ACTIVITY FROM OCTOBER 14 – OCTOBER 27, 2021 Near- or below-normal 2021 hurricane season predicted for the Central Pacific CSU 2021 Hurricane Season Forecast S.C. Private Flood Insurance Act Enacted, Aims to Make Flood Insurance More Accessible Commissioner Lara urges insurance companies to cover wildfire property losses without requiring a home inventory Commissioner Lara urges insurance companies to cover reimbursement costs for those displaced during wildfires Comment Collapse Expand Comments (0) warning You don't have permission to post comments.
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