The Louisiana Department of Insurance issued Advisory Letter 2018-01 regarding the interpretation of a named storm or hurricane deductible in Louisiana. Essentially, the named storm or hurricane deductible should only be applied once during a calendar year. If an insured incurs more than one named storm or hurricane loss, the insurer may only apply the balance of any unused separate deductible. Please click here for a copy of the letter.LDI Advisory Letter 2018-01
