When a named storm deductible typically applies
The North Carolina Department of Insurance says a named storm deductible typically applies to wind or hail loss from the time an advisory, watch or warning for a named storm is issued for any part of North Carolina by the National Weather Service until 24 hours after the last watch, warning or advisory, whichever is later. Check your own policy wording.
How the amount is calculated
The Department explains that the deductible is typically a percentage of Coverage A (dwelling) or Coverage C (personal property). Its example: a 2% deductible on a home insured for $300,000 is $6,000.
The Coastal Property Insurance Pool
The North Carolina Insurance Underwriting Association, also known as the Coastal Property Insurance Pool, must offer a named storm wind and hail deductible of 1% of the insured value, and may offer other Rate Bureau options as long as none is below 1% (N.C.G.S. 58-45-45(a2)).
What a 2% deductible costs
A percentage deductible is applied to the dwelling coverage limit (Coverage A), not to the damage. On $300,000 of dwelling coverage a 2% deductible is $6,000; on $500,000 it is $10,000. Covered storm damage below that amount is paid by the homeowner.
Read your own declarations page and deductible endorsement: the policy wording, together with state law, decides which deductible applies to a loss. This page summarises the official state guidance only.