What your storm deductible actually comes to in dollars, and whether raising your regular deductible is worth the exposure. Estimates only — not a quote.
A typical 2% catastrophe deductible on $300,000 of coverage means you pay the first $6,000 of storm damage yourself — 6x the $1,000 deductible that applies to everything else. That is $5,000 more you would need on hand after a named storm than after a kitchen fire.
Shown on New York’s reference coverage level of $300,000. Enter your own coverage above for your number.
New York is one of the 19 states plus DC that use hurricane deductibles, but the exposure is almost entirely downstate and the statewide picture is bimodal rather than average. Where one applies, mandatory hurricane deductibles commonly run 1% to 5% of the insured amount and are printed on the declarations page. The trigger varies BY INSURER rather than by statute -- some carriers attach at a Category 1 designation, others not until Category 2, in each case as designated by the National Weather Service or National Hurricane Center. NYPIUA, the state FAIR plan, uses a 2% hurricane deductible on Broad Form policies in eight named counties (Bronx, Kings, Nassau, New York, Queens, Richmond, Suffolk and Westchester), triggered from 12 hours before to 12 hours after a Category 2 or greater hurricane makes landfall anywhere in New York State -- a concrete, published benchmark, which is why 2% is recorded here. Insurify's quote-database average across ALL New York quotes is only 0.38% of dwelling coverage (about $1,527), and that low number is the point: the large majority of New York homes, everywhere from Albany to Buffalo, carry no percentage wind deductible at all, while Long Island and NYC-area coastal policies carry a substantial one. Read 2% as the Nassau/Suffolk/coastal-borough planning figure and 0% as the upstate one.
This needs your two real quoted premiums. We deliberately don’t apply a “typical savings” percentage: deductible credits vary by carrier, state, and filing, so a made-up multiplier would give you a break-even that looks precise and isn’t. Ask your insurer to quote both deductibles — it takes one phone call, and the answer is specific to you.
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