What Is The Typical Home Insurance Deductible?

1. 

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   Tom Sheehan

   Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482

   That has been evolving over the years but  in my experience typically the deductibles are now at the $1000 mark.  Many companies have eliminated lower deductibles as they have filed new policy forms in an effort to manage loss expenses.  Another reason for the deductibles to be getting larger than in the past frankly is also the consumer trying to manage insurance expense.

   Answered on January 9, 2014

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   Darald Novak AAI

   Retired Agent and Broker, Self Employed, Albany NY USA

   The typical deductible is an established dollar amount paid by the policyholder. It can come into play on a ""per loss" basis or a "per line of coverage" basis. A thorough reading of the insurance contract is necessary to determine the types of deductibles, the amounts, when deducted, etc. Deductibles of varying amounts are available and the amount selected should be made as a well informed decision.

   Answered on October 21, 2016

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