Detailed text transcripts for TV channel - FOXNEWS - 20121030:11:49:00
Including all of these affected by the storm, connecticut, massachusetts, rhode island, virginia, insurance companies are allowed to have a special hurricane deductible that applies only to hurricane damage and one to 5% of the insured value of the home. so if you have a $200,000 insurance policy and you've got a 2% hurricane deductible, you'll be responsible for $4,000 out of pocket costs before the insurance actually kicks in. so it's a replacement value versus a standard amount of 500 or $1,000. applies to those homes on the coast. we generally one to five of the insuring value. some places...
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