Money: Hurricane Warning

Insurers quietly added deductibles in coastal areas. Better check your policy

Had enough of this year's lousy weather? No, you haven't. William Gray, professor of atmospheric science at Colorado State University, is predicting "higher-than-average hurricane activity this year with 14 named storms, eight of which are expected to be hurricanes, three of them intense." So batten down the hatches. And while you're at it, give your homeowner's policy a once-over.

Why? Because if you're hit by one of these windstorms, you could pay much more out of pocket than a standard deductible. In the late 1990s, insurers in 17 coastal states added further deductibles, specifically for hurricanes, to many policies. Instead of...

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