How percentage deductibles work
A percentage deductible is calculated from the dwelling limit on your declarations page (Coverage A), not from the size of the loss. On a $385,000 dwelling limit, a 2% wind/hail deductible is $7,700. A loss smaller than that pays nothing, and a larger one pays only the amount above it (illustrative figures).
Two storms, two deductibles
Hail seasons east of the Divide can bring more than one damaging storm to the same street. Most policies apply the deductible per occurrence, so separate storms usually mean separate deductibles. A few policies or endorsements work differently, so check your wording. Tick the second-storm box to see the combined effect.
Why the deductible matters in appraisal
Appraisal sets the amount of loss before the deductible comes off. When the carrier’s estimate sits just above or below the deductible, a few missing line items can decide whether any payment is owed at all. That’s where a hail damage appraisal often starts. All results are illustrative.
Questions about this tool
Where do I find my wind/hail deductible?
On the declarations page, usually listed separately from the all-peril deductible. It may be shown as a percentage, a dollar amount or both.
Does a higher dwelling limit mean a higher deductible?
Yes. Because it’s a percentage of Coverage A, raising your dwelling limit (for example, to keep up with building costs) also raises the deductible in dollars.
Can appraisal change my deductible?
No. The deductible is set by the policy. Appraisal determines the amount of loss, and the deductible is applied to that amount.