LESSONS FROM HURRICANE SANDY - IMUA

Lessons from Sandy:
Hurricane Deductibles
• Designed to reduce insurance costs for consumers by requiring a higher
deductible for rare, but extreme loss events, like hurricanes.
• Each state can independently define how a hurricane deductible is
triggered in their state.
• “Named Storm” – Any storm named by the National Hurricane
Center
• Hurricane – Any storm classified as a hurricane at landfall by the
National Hurricane Center
• Variations: Only Cat 2 & Above, etc.
• Storm must make direct landfall over the state.