09/04/2026
š 3 Home Insurance Deductibles to Know
Most homeowners know they have a deductibleābut did you know you may encounter more than one type?
Here are three worth understanding:
1. Standard Deductible This is the fixed dollar amount you pay toward most covered claims before your insurance pays its portion. Common examples might be $500, $1,000 or $2,500.
2. Percentage Deductible Instead of a set dollar amount, this deductible is calculated as a percentage of your homeās insured value. These are sometimes used for losses involving wind or hail.
For example, a 2% deductible on a home insured for $400,000 would equal $8,000 out of pocketāwhich is why itās important to know what your policy says.
3. Disaster or Specialty Deductibles Coverage for events such as floods or earthquakes may be handled through separate policies, and those policies can have their own deductibles and rules.
The important takeaway? Donāt wait until you have a claim to find out what your deductible is.
Take a few minutes to review your policy and understand how much you could be responsible for if something happens.
Not sure what deductibles apply to your home? BWO Insurance can help you review your coverage and understand what to expect before you ever need to file a claim.
