Florida Hurricane Deductible Calculator

How this calculator works

Florida property insurance carries two separate deductibles: the all-other-perils (AOP) deductible (typically $500-$2,500, a flat dollar amount) and the hurricane deductible — a percentage of dwelling Coverage A established under F.S. § 627.0625. The hurricane deductible is the larger, more consequential figure and is unique to a handful of hurricane-exposed states (Florida being the largest example).

Three features make the Florida hurricane deductible distinct:

1. It is a percentage of Coverage A, not the loss. For a $400,000 Coverage A at 5%, the deductible is $20,000 regardless of whether the loss is $25,000 or $250,000. The first $20,000 of damage is on the policyholder; the carrier pays only the excess.
2. It applies once per calendar year. F.S. § 627.4133(2)(b) caps the hurricane deductible at one application per calendar year. Once eroded by a hurricane claim, the AOP deductible applies to subsequent hurricane claims in the same calendar year — a meaningful protection in multi-storm seasons like 2004 and 2024.
3. Insurers must offer 2%. F.S. § 627.0625 establishes 2% as the statutory minimum option. Carriers may also offer 5%, 10%, or (for lower-value or inland properties) a flat-dollar deductible — typically $500-$2,500.

A worked example

A Florida coastal home with $400,000 Coverage A, $3,000/year windstorm portion of premium, currently at the 5% deductible option. A hurricane causes a $50,000 loss.

• Current deductible (5% of $400K): $20,000
• Net claim payment: $50,000 − $20,000 = $30,000
• Out-of-pocket on this event: $20,000

The same household, evaluating its options at renewal:

• 2% deductible ($8,000 out-of-pocket per event). Annual premium ≈ $3,000 (the baseline).
• 5% deductible ($20,000 out-of-pocket per event). Annual premium ≈ $2,730. Saves ~$270/year.
• 10% deductible ($40,000 out-of-pocket per event). Annual premium ≈ $2,280. Saves ~$720/year.
• Flat $2,500 deductible ($2,500 out-of-pocket per event, if the carrier offers it on this property). Annual premium ≈ baseline 2% — these are typically priced no lower than the 2% percentage option.

The trade-off is the dollar gap between the deductibles. Moving from 2% to 10% means accepting an additional $32,000 of per-event exposure ($40K − $8K) in exchange for ~$720/year in saved premium. The break-even is roughly 44 years without a hurricane claim — if you can write the $40,000 check on demand. Households with significant liquid reserves and a multi-decade ownership horizon often choose the higher deductible; households without that liquidity should not.

The post-2022 Florida market

The premium-savings-per-deductible-point figures used by this calculator (~3% of windstorm premium per percentage-point of deductible above the 2% baseline) reflect the post-2022 Florida reinsurance market. The 2022 reinsurance disruption, Hurricane Ian (September 2022), and the 2024 hurricane season have compressed the premium-vs-deductible discount curve — carriers reduced their Florida exposure and the dollar value of moving up the deductible curve narrowed.

Before 2022, the typical savings-per-point figure was closer to 4%-5%. The current 2%-3% range reflects a market in which carriers need every percentage point of deductible to maintain their Florida risk appetite. Florida agents advising clients in 2026 generally take the position that the higher-deductible move is less attractive in dollar terms than it was in 2018-2021 — and accordingly, the case for staying at 2% (the statutory minimum) is stronger for households without strong liquidity. Citizens Property Insurance, the state-backed insurer of last resort, has historically been on the more generous end of the discount range, but Citizens' own rate filings have tightened along with the admitted market.

Hurricane vs all-other-perils — which applies?

The hurricane deductible applies only to losses caused by a hurricane as defined by the National Hurricane Center — typically from the time a hurricane watch or warning is issued for any part of Florida until 72 hours after the watch/warning is terminated (F.S. § 627.4025).

• Hurricane watch or warning in effect → hurricane causes damage: hurricane deductible applies.
• Tropical storm (no hurricane warning): AOP deductible applies.
• Severe thunderstorm, tornado outside hurricane window: AOP deductible applies.
• Sinkhole, fire, theft, water damage: AOP deductible applies (or the specific deductible for that peril if your policy has one).

The trigger date matters. A loss from a hurricane that struck on August 30 is covered under the hurricane deductible; a loss from a fall windstorm without a hurricane watch is covered under the AOP deductible — typically $500-$2,500 vs the hurricane deductible's $8,000-$50,000+.

The condo / HO-6 wrinkle

If you own a condo unit, you carry an HO-6 policy on your unit and contents; the association's master policy covers the building structure. Both policies carry their own hurricane deductibles, and both can hit you in a major event:

1. The HO-6 hurricane deductible applies to your unit's interior coverage — this calculator's primary use case for unit owners.
2. The master-policy hurricane deductible (much larger — often 5%-10% of insured building value, totaling $1M-$5M+ on a Florida coastal condo) is allocated back to unit owners as a common expense under F.S. § 718.111(11)(d). Use the Master Policy Deductible Allocation Calculator on this site for the loss-assessment exposure on the master-policy side; your HO-6 loss-assessment coverage limit is the protection against that allocation.

For the most exposed condo unit owners, the master-policy allocation can be a larger out-of-pocket than the direct HO-6 deductible — quantify both before settling on a renewal strategy.

What the calculator does not do

This calculator is a planning estimator. It does not:

• Quote a specific carrier's premium. The premium-savings estimate is a market-typical figure from Florida OIR rate filings 2024-2026 (~3% of windstorm premium per percentage point above the 2% baseline). Specific carrier filings vary; the actual quote from your carrier is authoritative.
• Replace the renewal conversation with a licensed agent. The deductible choice is interlocked with carrier selection, coverage limits, and mortgage-lender requirements — none of which are within scope here. The dollar-mechanics output of this calculator is the input to that conversation, not a substitute for it.
• Account for surplus-line or non-admitted carriers. Some Florida properties (typically high-value coastal or properties the admitted market won't write) are placed in the surplus-lines market with carriers whose hurricane deductibles can run substantially higher than the 10% statutory option (some surplus carriers offer 15%-25% deductibles on hard-to-place risks). The mechanics in this calculator extend conceptually but the dollar magnitudes will differ.
• Cover all-perils policies on commercial property. The hurricane-deductible structure under F.S. § 627.0625 applies to residential property; commercial-property hurricane deductibles operate under different statutory and contractual frameworks. The Master Policy Deductible Allocation Calculator handles the residential-master-policy (condo) case; pure commercial deductibles are out of scope here.

How this page is maintained

F.S. § 627.0625 has been stable since the modern hurricane-deductible framework was established in 1995-1996, with periodic legislative refinements. The typical-premium-savings-per-point figure reflects current Florida OIR rate filings and is refreshed at least annually. If the legislature or OIR substantively changes the deductible-vs-premium relationship — or if a major reinsurance event resets the Florida market again — this page is updated and re-stamped within the quarter.

Last reviewed: 2026-05-15 against F.S. § 627.0625, § 627.701, § 627.4133; Florida OIR rate filings 2024-2026.