Quick answer
A homeowners insurance deductible is generally your share of a covered claim. Some policies have separate deductibles for wind, hail, hurricane or named-storm losses.
Common deductible types
| Type | How it may work | What to check |
|---|---|---|
| Flat dollar | A fixed amount such as $1,000 | Applies per covered claim in many policies |
| Percentage | A percentage of insured value | Can be much larger than expected |
| Named peril | Separate deductible for wind or hurricane | Often state and policy specific |
Why it matters for budgeting
A lower premium may come with a higher deductible. Homeowners should understand how much cash they may need after a loss before choosing a policy.
Read the policy
This page is not insurance advice. Review declarations, endorsements, exclusions and state-specific rules with a licensed insurance professional when needed.
Methodology and limitations
HomeCostBrief cost examples are designed to show structure and assumptions. Real production ranges should be based on dated, source-backed U.S. data and should explain geography, labor, material, property condition and exclusions.
Sources and references
- Insurance information by state, National Association of Insurance Commissioners
HomeCostBrief Editorial Team
This page is attributed to the organization-level HomeCostBrief Editorial Team. Factual claims, estimates, calculations and links require human review before publication.
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General-information disclaimer
This guide is general planning information only. It is not a quote, appraisal, inspection, insurance recommendation, legal advice, tax advice, engineering advice or contractor recommendation.
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