Have you looked at your current homeowners policy lately? You might be in for a surprise. Many insurance companies, in response to the many weather related losses that they have incurred, are raising their minimum deductibles for weather related claims.
There are 2 types of deductibles when it comes to these weather related claims. The first is to just raise the per occurence single dollar amount of the deductible. For example, if you have always had a $500 per loss deductible on your policy the company will simply raise the deductible for weather related claims to $1,500 per loss. The other way to raise the deductible is to put a percentage deductible on weather related claims. For example. if your home is valued at 200,000 on your homeowners policy then the insurance company will put a 2% or $4,000 deductible on your policy for weather related claims.
As you can see these deductibles can seriously effect ones payout after a losss so it is recommended that everyone be aware if there are any changes to their current policy.