The Association provides the following types of coverage from which an insured
can choose any combination to suit their hail insurance requirement:
Full Coverage (FC)
Hail tax chargeable is 100% of the charged rate.
Losses are payable when the adjusted loss is 5% or over. For losses 85% or over settlement is made as 100%.
10 Straight Deductible (10S)
Hail tax chargeable is 75% of the full
cover rate and losses are paid as adjusted less the deductible of 10. For e.g. a 14% loss is paid as 4%, a loss of 85% or over is paid as 90%.
25 Straight Deductible (25S) Hail tax chargeable is 50% of the full cover rate and losses are paid
as adjusted less the deductible of 25. For e.g. a 45% loss is paid as 20%, a loss of 85% or over is paid as 75%.
10 Disappearing Deductible (10D) Hail tax chargeable is 90% of the full cover rate. For losses paid, see chart below.
20 Disappearing Deductible (20D) Hail tax chargeable is 75% of the full cover rate. For losses paid, see chart below.
