See what a 1% to 5% wind, hail or hurricane deductible means in dollars for your dwelling limit.
Many policies in storm-prone states apply a separate wind, hail or named-storm deductible that is a percentage of the dwelling limit instead of a flat dollar amount. A 2 percent deductible sounds small until you convert it to dollars. This calculator does that conversion so you can compare a percentage deductible with a flat one.
How it works. Enter your Coverage A dwelling limit and the percentage shown on your declarations page or quote. The deductible is the dwelling limit multiplied by the percentage divided by 100. The second result subtracts that amount from the limit to show how much of the limit sits above the deductible.
Worked example (illustrative). On a $350,000 dwelling limit, a 1 percent deductible is $3,500, a 2 percent deductible is $7,000, and a 5 percent deductible is $17,500. If hail damage to the roof costs $9,000 to repair, the 2 percent deductible leaves the insurer paying about $2,000 and you paying $7,000, before considering roof depreciation.
Limits. Some policies calculate the percentage on a different base, such as the total insured value or a specific coverage part, and some carriers apply the percentage only to certain perils. Always confirm the base and the covered perils in the policy language. Pair this with the guide on wind, hail and hurricane deductibles for the full picture.
Exclusions, Terms and Claims
How separate wind, hail and named-storm deductibles work, how to convert a percentage into dollars, which states commonly use them, and how to plan for the out-of-pocket cost.
