Homeowners Insurance: Homeowners disaster insurance is available in Carriacou at rates lower than in many parts of the Caribbean. Carriacou is outside the main hurricane track. Latitude 12 North is taken as the threshold above which insurance companies pile on their premiums. The rate for a class "A" structure is 5.5 per 1000, the deductible for windstorm is 2of the sum insured. Many former residents of St. Marten and Antigua has stated that the constant threat of hurricanes and the skyrocketing insurance rates played a major role in their decision to move to Grenada, Carriacou and Petite Martinique.