Percentage deductibles look small on a declarations page and are not. Enter what your home is insured for and see the real number you would pay before your carrier pays anything.
Find this on your declarations page. It is the rebuild limit, not market value.
That is the whole trap. A 2% deductible on a home insured for $600,000 is $12,000 — not 2% of the damage. If a storm does $30,000 of roof damage, you pay the first $12,000 and the carrier pays $18,000.
Most policies in storm-exposed states carry two deductibles: a flat one for ordinary claims, and a percentage one that applies to wind, hail, hurricane, named storm or wildfire. Both sit on the same declarations page. Which one applies depends entirely on what caused the damage.
One, whether you have a separate wind, hail or named-storm deductible at all. Two, what the trigger language actually says — a hurricane deductible, a named-storm deductible and a wind deductible activate under very different conditions. Three, whether your roof settles at replacement cost or actual cash value, because that decides what is left after the deductible comes out.
The only way to know what you would actually pay is to read your declarations page. Send it over and we will tell you what your deductibles are, what triggers them, and whether we would change anything. No charge, and no obligation to move.
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