How percentage deductibles work
A 2% wind/hail deductible on a home insured for $300,000 is $6,000, whatever the size of the loss. That’s why a hail claim that looks big on paper can pay surprisingly little. The percentage applies to the dwelling limit (Coverage A) on your declarations page, not to the damage.
Using the calculator
- Enter Coverage A from the declarations page.
- Pick the wind/hail percentage your policy lists, and your regular deductible for other perils.
- Enter the estimated loss to see what the policy would pay under each deductible.
The table shows the same loss under several common percentages, so you can see how much the choice matters when it’s time to renew.
Deductibles and appraisal
When a loss sits just above the deductible, small estimate differences decide whether anything is paid at all. That’s often when a careful hail damage appraisal or estimate review is worth a look. This tool is for planning only. It doesn’t interpret your policy, and the figures you enter are illustrative.
Questions about this tool
Is the deductible a percentage of the damage?
No. A percentage deductible is figured on the dwelling coverage limit. The damage amount doesn’t change it.
Does it apply to every storm?
It typically applies per occurrence to wind or hail losses. Read how your policy defines the occurrence and which perils it covers.
Can I change my deductible?
Usually at renewal, through your agent or insurer. A lower deductible generally means a higher premium.
