Deductible Examples
Here are some examples of deductibles consumers might have to pay under hurricane insurance policies that have deductibles based on a percentage of the value of the policy. Remember that under Rhode Island law, that percentage cannot exceed 5 percent of the value of the policy.
| Insured Value of Home | 1% | 3% | 5% |
| $250,000 | $2,500 | $7,500 | $12,500 |
| $500,000 | $5,000 | $15,000 | $25,000 |
| $750,000 | $7,500 | $22,500 | $37,500 |
| $1,000,000 | $10,000 | $30,000 | $50,000 |
Independent Insurance Agents of Rhode Island | 2400 Post Road | Warwick, RI 02886 | Phone 401-732-2400 | www.iiari.com