Mississippi Insurance Deductible HurricaneHB1337 amends Section 83-2-3 of the Mississippi Code to require that any homeowners’ insurance policy that offers a deductible for the peril of windstorm from a named storm event shall be a cumulative deductible for named storms occurring in the same calendar year.  This act will take effect and be in force from and after July 1, 2014.  When applying the wind deductible to a loss, Claim handlers will need to check the insured loss history to verify the number of named storm losses in a calendar year to ensure that the deductible is appropriately applied.  In essence... insurance companies can't charge you two separate deductibles in a calendar year due to damages from two or more hurricanes.  The deductible will be cumulative for the year.