what is hur deductible in homeowners policy
A deductible is the portion of the claim that is the policyholderâs responsibility to pay. In Florida, there is an âAll Other Perilsâ (AOP) deductible and a âHurricaneâ deductible. The standard AOP deductible is a fixed amount, which is usually $1,000. The hurricane deductible is a percentage, usually 2%, of the dwelling coverage on a single family home and 2% of the personal property coverage (or $500, whichever is more) on a condominium unit policy.