Also, big insurance companies were able through lobbyists to enact hybrid deductibles, which tremendously favor the insurance companies over the insured for losses from a "named storm" in nineteen hurricane-prone states.
For example, if someone had a 5% deductible, they must have damages above 5% of their home's value before the insured gets a single dime from the insurance company. For a home valued at $350,000 (home value usually exaggerated), $17,500 becomes the deductable.
Does this count for the winter storms they’re now naming?
Does a home’s fire insurance cover damage from a riot?