A Named Storm Deductible (NSD) is common today for vessels in areas subject to hurricanes, tropical storms and tropical depressions. The NSD is higher than the normal hull deductible and will be applied if the boat is damaged due to a named storm.

The NSD varies with each boat insurance company. Some do not have a NSD; others will have 2%, 5% or 10% of the boat value or 2 times the hull deductible. The most common is 5% of the hull value with 10% in high storm areas such as Florida and the remainder of the Gulf Coast.

In addition to the deductible being higher, the NSD also applies in the event of a total loss.

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