What it does
Applies a percentage deductible to windstorm or hail losses; the policy deductible applies to other perils.
Who needs it
Coastal and hail-prone areas, and carriers managing catastrophe exposure.
Quoting and selling notes
- Show the client the dollar amount of the percentage deductible on their Coverage A limit.
Editions and availability
Editions in use and where they apply: 03 22 (38 jurisdictions); 05 11 (8 jurisdictions: AL, CA, CT, GA, NC, TX, VI, WA).
Homeowners endorsements are built for a specific program edition. When a carrier moves a state from the 2011 (05 11) program to the 2022 (03 22) program, the endorsement editions move with it, so match the endorsement edition to the policy form edition shown on the declarations.
