Louisiana is one of several states that has mandatory hurricane deductibles. This means that you must pay a certain amount of money (the deductible) before your insurance kicks in; your insurance company will not pay your claim until you have paid your deductible. What’s more, after Hurricane Katrina, insurance companies rewrote homeowners’ insurance plans to have percentage deductibles instead of dollar deductibles. This means that your deductible is based on the entire insured value of your home, not on your specific losses. In other words, your deductible can translate to a relatively high dollar amount, making it very difficult to get your property repaired.
But how do you know if your homeowners’ insurance covers the damage caused by Hurricane Laura or Delta?
While most homeowners’ insurance policies cover certain types of hurricane- and storm-related damage, like wind damage, other losses are typically not covered. Specifically, flood damage is frequently not covered by homeowners’ insurance.
If your home was damaged due to hurricane-related flooding, you will need additional flood insurance on your homeowners’ insurance policy to be covered for those losses.