Financial expert Mike Periu on your insurance’s hurricane deductible.
October 29, 2012 In order to compensate for increased coastal development, state insurance regulators in many states allow insurance companies to add a Hurricane deductible to their homeowners’ insurance policies. These deductibles apply only to damage caused by hurricanes and typically range between 1 percent and 5 percent of the home’s insured value. You can confirm if you have a Hurricane deductible by reviewing the Declarations page of your insurance policy. Each insurance company has a different trigger to determine when this deductible goes into effect, but it’s usually after the National Weather Service names a Tropical Storm or Hurricane. Hurricane deductibles apply to insurance policies in Alabama, Connecticut, Delaware, Florida, Georgia, Hawaii, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, Texas and Virginia and Washington DC.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
