The Windstorm Deductible for Homeowners

What is it and how does it work?

In most homeowners and dwelling insurance policies, the Windstorm Deductible is presented as a percentage of your dwelling limit or personal property (content) limit if you do not have dwelling coverage. Homeowners should pay attention to that amount as it is an out-of-pocket expense if a loss does occur due to an unexpected natural disaster, such as a hurricane.

So, how is this deductible applied exactly?

Two common amounts are 2% and 5%. For example, if your home is insured with a limit of $200,000 this means that your deductible is going to be $4,000 (2%) or $10,000 (5%), regardless of the loss amount.

For more information about the windstorm deductible and how it works in your specific policy plan, please contact our all lines insurance specialists for a free consultation. Get Fulcro