Changes to your Gulf States Insurance policy

It is important to review your upcoming renewal from Gulf States because changes could affect future claims

ORIGINAL YEAR BUILT HOME CONSTRUCTION

If your home is over 14 years old or your Water Heater is over 10 years old your policy will be limited to $10,000 of water damage on your next claim check

The only option to remove this water damage limitation is to show complete renovation of all plumbing inside the home not just updates to plumbing

ROOF LIMITATION SCHEDULE

If your roof is over 10 years old your roof settlement will be subject to depreciation

Your claim check to replace your roof will be reduced by the age of your roof

You will not receive enough to replace your roof because your claim check will be reduced

DEDUCTIBLE CHANGES

Depending on your location Gulf States may change your Hurricane or Wind/Hail deductible from the deductible listed on your policy when your purchased your policy

Deductible changes could include a 3% or 5% deductible change

The % of the deductible is based on the insured value not the amount of damage on a claim

example) Insured Dwelling value is 300,000 and you have a 5% Wind/Hail or Hurricane deductible. Your claim check would be reduced by $15,000 (300,000 x 5%)

If you would like to review your Gulf States insurance policy please contact our office at 833.372.3800 or email us at service@fmagencygroup.com