How percentage deductibles work
The percentage is usually applied to your dwelling coverage (Coverage A), not to the size of the loss. With $420,000 of dwelling coverage, a 2% named-storm deductible is $8,400, whether the damage is $9,000 or $90,000. These figures are illustrative.
When it applies
Policies define the trigger differently: some use a storm named by the National Hurricane Center, some a declared hurricane, some any windstorm or hail. Some apply it once per storm, others once per season. Read the deductible endorsement and your declarations page closely.
Why it matters in appraisal
A dispute worth $6,000 on paper may make little difference to your recovery if the loss is still near the deductible. Run this calculator alongside the settlement gap estimator before deciding to invoke appraisal.
Questions about this tool
Is the percentage based on the damage or my coverage?
In most forms it’s based on dwelling coverage (Coverage A) shown on the declarations page. Check your endorsement for the exact basis.
Do coastal pool policies use percentage deductibles?
Wind and hail policies for beach and coastal properties commonly carry percentage options. Your declarations page shows what you selected.
Does the deductible apply to other structures and contents?
Usually one deductible applies to the whole occurrence, but some policies apply it per building or per coverage. Wording varies.