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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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Homeowners Insurance - Deductible Question
Is it normal or common that the deductible is a percentage of the dwelling coverage limits? Or are there policies that have a set deductible amount, like a $1000 deductible.
TIA!
ETA: If you have a set deductible, would you mind sharing what insurance company you use?
Thanks
Message edited 2/17/2015 3:04:35 PM.
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Posted 2/17/15 2:31 PM  |
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Prudential Douglas Elliman Real Estate
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NYCGirl80
I love my kiddies!
Member since 5/11 10413 total posts
Name:
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Re: Homeowners Insurance - Deductible Question
We have a set deductible.
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| Posted 2/17/15 2:41 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: Homeowners Insurance - Deductible Question
i have a set deductible.
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| Posted 2/17/15 2:43 PM |
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w8andsee
LIF Adult
Member since 10/09 1193 total posts
Name:
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Re: Homeowners Insurance - Deductible Question
I have a set deductible of $1000. However, if the damage is caused by a hurricane its 5% of the dwelling coverage.
We use State Farm.
Message edited 2/17/2015 5:05:18 PM.
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| Posted 2/17/15 5:04 PM |
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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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Re: Homeowners Insurance - Deductible Question
Posted by w8andsee
I have a set deductible of $1000. However, if the damage is caused by a hurricane its 5% of the dwelling coverage.
We use State Farm.
Same but we use a difference Insurance carrier.
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| Posted 2/17/15 9:11 PM |
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Mrs&MrsK
i need sleep ;-)
Member since 2/14 2008 total posts
Name:
L
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Re: Homeowners Insurance - Deductible Question
Posted by w8andsee
I have a set deductible of $1000. However, if the damage is caused by a hurricane its 5% of the dwelling coverage.
We use State Farm.
this
however, i could be a little bit off as everything changed a little over the last couple of years due to Sandy.
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| Posted 2/18/15 9:14 AM |
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Homeowners Insurance - Deductible Question
Your main deductible is a set deductible for all claims, then depending on your location& the carrier you may have a hurricane/wind deductible on top of that, which is a percentage of your dwelling coverage. Most of them are either 3% or 5% if you have one. You should also check to see when they go into effect. Some carriers start them if a Cat 1 storm hits, some not until Cat 2, etc...
Please let me know if you would like me to shop your policy for you, I deal with so many different carriers, it doesn't hurt to see if you can get a better rate :)
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| Posted 2/19/15 8:58 AM |
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Jenn79
One more?
Member since 2/12 2410 total posts
Name:
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Re: Homeowners Insurance - Deductible Question
Posted by w8andsee
I have a set deductible of $1000. However, if the damage is caused by a hurricane its 5% of the dwelling coverage.
We use State Farm.
This exactly
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| Posted 2/19/15 11:31 AM |
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