Why percentage deductibles surprise people
Some Arizona homeowners policies apply a separate wind/hail deductible, or an all-peril deductible, calculated as a percentage of Coverage A. On a $465,000 dwelling limit, a 1% deductible is $4,650, not $1,000. As rebuilding costs rise, so do Coverage A limits, and so does the deductible.
Where to find yours
Look on the declarations page for “wind/hail,” “windstorm or hail” or a percentage next to the deductible. The endorsement later in the policy explains when it applies.
How it affects appraisal
The deductible does not change the amount of loss the panel decides, but it changes what you receive. A loss just over the deductible may not justify a dispute; one well above it may. Example figures here are illustrative.
Questions about this tool
Does the percentage apply to contents too?
Usually the percentage is calculated from Coverage A but applied once to the whole covered wind or hail loss. Check your policy wording.
Can I change to a flat deductible?
Often at renewal, if your carrier offers it. A lower deductible usually means a higher premium.