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	<title>New answer on: How Do Homeowners Insurance Deductibles Work?</title>

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		<title>By: Mark Bartlett CLCS</title>

		<link>https://insurancelibrary.com/home-insurance/how-do-homeowners-insurance-deductibles-work</link>

		<dc:creator>Mark Bartlett CLCS</dc:creator>

		<pubDate>Sun, 30 Mar 2014 03:07:49 +0000</pubDate>

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		<description><![CDATA[The deductible is your portion of the loss that you will pay. For example if there is a fire with $20,000 worth of damage and you have a $1,000 deductible your insurance company will pay $19,000 and you will pay $1,000. In some areas you may have varying deductibles depending on the cause of loss.]]></description>

		

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		<title>By: Dan Beukelman</title>

		<link>https://insurancelibrary.com/home-insurance/how-do-homeowners-insurance-deductibles-work</link>

		<dc:creator>Dan Beukelman</dc:creator>

		<pubDate>Wed, 19 Mar 2014 15:47:35 +0000</pubDate>

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		<description><![CDATA[The deductible is the amount you pay when you have a claim.  What happens is the insurance company adjuster will estimate the damage (sometimes they ask you to get estimates from contractors), and arrive at a total amount to do the repair.  They subtract the deductible from the repair total and pay you what is left.  Some companies have specific wind/hail deductibles or other coverage specific deductibles, so you should refer to your contract for what your deductible is. ]]></description>

		

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