Florida’s hurricane season runs June 1 through November 30. Your insurance program’s ability to respond to a hurricane loss depends entirely on what you structured before the storm, not after. Named-storm deductibles, flood exclusions, business interruption waiting periods, and windstorm carveouts all activate differently depending on how the policy was written.
For SBA-financed properties, the hazard insurance must be in place before hurricane season and lenders verify coverage annually.
Key Takeaways
- Named-storm deductible: 2-5% of insured value per storm event
- Flood is separate: Standard commercial property excludes flood, you need NFIP or private flood
- Business interruption: Covers lost income during closure, typically 72-hour waiting period
- Windstorm carveout: Some carriers exclude wind for coastal properties, check your policy
- Pre-storm: Review deductibles, confirm flood coverage, verify BI limits, document property before June 1
Disclaimer: This article is for informational purposes only. Consult our licensed advisors for guidance specific to your business.
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