Free Calculator · U.S. Virgin Islands Condo Associations
Percentage deductibles read small on the dec page and land big after a storm — because the percentage applies to the building value, not the loss. See the actual dollar figure your association pays per event, and what that means per unit.
Board-meeting ammunition: three inputs from your policy and your last appraisal.
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Enter your first name and email and your results appear right here — plus we'll email you a copy to bring to your next board meeting.
We'll also send a short series on hurricane-season coverage planning for USVI associations. Unsubscribe anytime. Educational only — does not amend coverage; refer to the policy and applicable law.
Your named-storm exposure
Illustrative estimate only — not a quote, not advice, and not a representation of coverage. Actual coverage is governed by the policy as issued.
A named-storm deductible is calculated as a percentage of the insured building value — not the size of the loss. A 5% deductible on a $12 million building is $600,000 per event, whether the storm does $700,000 of damage or $7 million.
That deductible is the association's obligation, and it usually arrives as a special assessment divided among unit owners. Owners with HO-6 loss-assessment coverage can pass part of their share to their own policy; owners without it write a check. The time to know these numbers is at the board meeting, not after landfall.