What it does
IH 99 26 appears in carrier forms schedules as the Named Storm Percentage Deductible, 12 08 edition. It applies a deductible based on a percentage of value for losses caused by named storms.
Who needs it
Coastal accounts with equipment, stock or structures exposed to hurricanes.
Quoting and selling notes
Show the insured the dollar effect of the percentage on scheduled values and ask whether equipment is moved inland before storms.
Before presenting it
Ask the carrier for the specimen of this endorsement and read it with the coverage form it modifies, since the endorsement only changes the provisions it names. Note it on the proposal so the insured knows how it changes the base form.
