The New York State Department of Financial Services has told the insurance industry that hurricane deductibles should not be part of this storm because Sandy did not have sustained hurricane-force winds when it made land in New York.
New York State homeowners struck by Sandy will be getting some financial relief: they will not have to pay hurricane deductibles, a potential savings amounting to thousands of dollars, Gov. Cuomo announced late Wednesday.
The New York State Department of Financial Services has told the insurance industry that hurricane deductibles should not be triggered by this storm because Sandy did not have sustained hurricane-force winds when it made land in New York. READ MORE …
