What to compare
Compare deductibles as dollars attached to defined events. A quote can show more than one deductible, and the lowest premium may shift much more loss cost to the policyholder.
- All-other-perils flat deductible
- Wind, hail, hurricane, named-storm, earthquake, flood, and roof-specific deductibles
- The dollar base for every percentage and any minimum amount
- Whether one deductible applies per occurrence, per location, or under another rule
- Separate waiting periods, sublimits, or settlement schedules that are not deductibles but still affect out-of-pocket cost
Questions that need a written answer
| Question | What to verify |
|---|---|
| What is 2% in dollars? | Multiply the percentage by the base named in the policy, often a dwelling limit—not by the claimed loss. |
| Which storm trigger applies? | Ask who names the storm and when the special deductible starts and ends. |
| Does a roof schedule change the calculation? | A deductible and depreciation schedule can both reduce the amount available. |
| Is the premium saving durable? | Compare the annual difference with the additional amount at risk and review the renewal offer. |
Records to keep with the quote
- Declarations page from every quote
- Deductible endorsements and catastrophe notices
- A worksheet converting percentages to dollars
- Written confirmation of trigger, base, minimum, and exceptions
Important boundary: Deductible affordability is personal; this guide provides a comparison method, not a recommendation to take more financial risk.