On December 9, 2011, the Connecticut Insurance Department announced revised underwriting guidelines for homeowners insurance policies. The revised guidelines change when a hurricane deductible will apply. Now, the higher hurricane deductible will only be imposed when the National Weather Service reports that sustained hurricane-force winds – at least 74 mile per hour – have occurred anywhere in the state. Previously, the deductible could apply when a hurricane warning was issued, even if hurricane-force winds never materialized. Insurers have until March 1, 2012 to resubmit their policy forms to comply with the revised guidelines.
For more information, see this Hartford Courant article.
