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Florida Legislature Grapples With Multiple Storm Deductibles

The Florida Legislature convened in a special session on Monday, December 13 to begin grappling with some thorny issues raised by this year's unprecedented onslaught...
December 4, 2004

The Florida Legislature convened in a special session on Monday, December 13 to begin grappling with some thorny issues raised by this year's unprecedented onslaught of hurricanes hitting the state. Many homeowners who suffered damage from more than one hurricane discovered to their horror that separate insurance deductibles applied to each storm. Florida Governor Jeb Bush (R) and state insurance officials are backing a proposal to send checks to thousands of homeowners who paid double-deductibles during the four-storm hurricane season; eliminate multiple hurricane insurance deductibles for property owners affected by more than one storm; prevent the loss of insurance coverage while awaiting repairs; and provide tax breaks for homeowners whose properties have been destroyed.

Multiple Deductibles Among Key Issues (Insurance Journal 12/13/04)

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