How Do Home Insurance Deductibles Work?

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   Mark Bartlett CLCS

   Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers

   The deductible in a homeowners insurance policy will represent the amount you the insured will pay in a covered loss. In other words you the insured are self insuring part of the loss which is the deductible amount you have chosen. For example if you have a $2,500 deductible on your homeowners insurance and your house is damage by fire (which is a covered loss), then you the insured would be responsible for the first $2,500 in damages and the insurance company would pay the rest of the damage up to the policy limit.

   Answered on November 6, 2013

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