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Florida hurricane deductibles, explained
Florida Statutes s. 627.701 sets the hurricane deductible options insurers must offer. This is the short version; Bright Coast Insurance has the deeper guide.
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Last checked 2026-11-01 against Florida OIR, OpenFEMA and official Florida sources.
What hurricane deductible options must Florida insurers offer?
Florida insurers must offer hurricane deductibles of $500, 2 percent, 5 percent and 10 percent of the dwelling limits before issuing a personal lines residential property policy. A percentage option isn't required if it would be less than $500. Exceptions apply at higher dwelling limits.
These options are set by Florida Statutes s. 627.701.
Source: Florida Statutes s. 627.701 (hurricane deductibles) — Checked: 2026-11-01
Are there different rules for higher-value Florida homes?
Yes. If your dwelling limit is $250,000 or more, the insurer doesn't have to offer the $500 option. If it's $1 million to under $3 million, a 3 percent option may replace the 2 percent option. The other percentage options still apply under s. 627.701.
Ask your agent which options your insurer actually offered at your dwelling limit.
Seeing the choices side by side makes the trade-off clearer.
Source: Florida Statutes s. 627.701 (hurricane deductibles) — Checked: 2026-11-01
How do I know if my policy has a separate hurricane deductible?
Look at the front of your policy. Florida law requires a policy with a separate hurricane deductible to state on its face, in bold 18-point type, that it contains a separate deductible for hurricane losses which may result in high out-of-pocket expenses. If you see that notice, it applies.
A percentage deductible is based on your dwelling limit, so the dollar amount grows as your limit does.
If you can't find the notice, ask your agent or call (239) 475-0361.
Source: Florida Statutes s. 627.701 (hurricane deductibles) — Checked: 2026-11-01
Simple math
What a percentage hurricane deductible means in dollars
| Dwelling limit | 2% deductible | 5% deductible | 10% deductible |
|---|---|---|---|
| $200,000 | $4,000 | $10,000 | $20,000 |
| $300,000 | $6,000 | $15,000 | $30,000 |
| $400,000 | $8,000 | $20,000 | $40,000 |
| $500,000 | $10,000 | $25,000 | $50,000 |
Arithmetic only: deductible = percentage × dwelling limit. Options insurers must offer: Fla. Stat. s. 627.701. Your policy declarations show your actual deductible. Checked: 2026-11-01
Asked every week
Quick answers
What is a 2 percent hurricane deductible in Florida?
It's a hurricane deductible equal to 2 percent of your policy's dwelling limit. It's one of the options Florida insurers must offer under s. 627.701, alongside $500, 5 percent and 10 percent. For dwelling limits from $1 million to under $3 million, a 3 percent option may replace it.
Do I have to take a percentage hurricane deductible?
Not necessarily, because insurers must offer you several options. Under s. 627.701, those are $500, 2 percent, 5 percent and 10 percent of dwelling limits. But if your dwelling limit is $250,000 or more, the $500 option need not be offered, so you may only see percentage choices.
Does a higher hurricane deductible lower my premium?
It may, but we can't give you a number. What's certain is that a higher deductible means more out-of-pocket cost after a hurricane loss, so pick an amount you could actually pay.
Where can I learn more about Florida hurricane deductibles?
Bright Coast Insurance has a deeper hurricane deductible guide. This page covers only the basic options under Florida Statutes s. 627.701. For questions about your own policy, call (239) 475-0361 or email support@brightcoastins.com, Mon-Fri 8 AM-5 PM ET. Spanish service is available too.
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