Filed Under:Markets, Personal Lines

Pennsylvania Tells Insurers Hurricane Deductible Won't Apply After Sandy

Pennsylvania joined three other East Coast states telling insurers they cannot impose hurricane deductibles for losses suffered from Superstorm Sandy.

Gov. Tom Corbett issued a statement yesterday telling residents that they will not pay hurricane deductibles on their insurance claims on damage stemming from Sandy.

NY, NJ and Conn.: No Hurricane Deductibles After Sandy

“Insurance deductibles could have added significant costs to Pennsylvanians already struggling to clean up and rebuild after Hurricane Sandy,” Corbett said. “Insurance companies have deployed catastrophe teams to Pennsylvania, and they have been advised that hurricane deductibles should not be applied to any homeowners' insurance claims.”

Insurance Commissioner Michael Consedine says the state is “very pleased” with carriers’ response throughout Pennsylvania and added the department is “actively monitoring the insurance industry to ensure they are fulfilling their commitments to their policyholders.”

On Wednesday, New York, Connecticut and New Jersey issued similar orders to insurers, reasoning that Sandy was no longer a tropical storm when it struck the Mid-Atlantic states leaving devastation along the coast.

Featured Video

Most Recent Videos

Video Library ››

Top Story

6 ways to tornado-proof your home

It's important to protect the envelope of the structure, including entry doors, garage doors, windows and roof.

Top Story

The 20 best apps for insurance agents and small business owners

Don't be deceived by the name: owning a small business is a massive undertaking. Fortunately, there are numerous apps that can make your life a lot easier.

More Resources

Comments

eNewsletter Sign Up

Personal Lines Pro eNewsletter

Critical insights into the personal auto, homeowners, and other consumer insurance markets to help P&C professionals stay informed – FREE! Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.