Mississippi Sets Hurricane Deductible Rule

Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant signed last month.

House Bill 756 requires Insurance Commissioner Mike Chaney to rule that higher deductibles apply beginning when a hurricane watch or warning is issued somewhere in Mississippi and that they end 24 hours after the last hurricane watch or warning in Mississippi is dropped. Now, rules vary on when homeowners pay the deductible, often 5 percent of a house’s insured value.

In some other states, regulators have blocked hurricane deductibles for storms they judged too weak to qualify.

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