Governors warn insurers: Don’t charge hurricane deductibles

The governors of New York, New Jersey and other states have warned insurance companies not to charge hurricane deductibles costing tens of thousands of dollars to homeowners who file claims for damage from Sandy because the massive storm was labeled a "post-tropical storm" by the time it hit land. Many homeowners have already filed insurance claims in the wake of Sandy. While hurricane deductible clauses are written in various ways, many designate a higher deductible to be paid for named storms designated hurricanes, said Robert Hunter, director of insurance for the Consumer Federation of America.