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What is the Typical Deductible for Homeowners Insurance?

A deductible in homeowners insurance is the amount you pay out of pocket before your insurance policy kicks in. For example, if you have a $1,000 deductible and your home suffers $5,000 in damage, you would pay $1,000 and your insurance company would pay the remaining $4,000. Why Do Homeowners Insurance Policies Have Deductibles? Homeowners … Read more

What is a Homeowners Insurance Deductible?

A homeowners insurance deductible is the amount of money that a policyholder must pay out of their pocket before their insurance coverage kicks in. The deductible is a fixed amount that is agreed upon when the policy is purchased, and it can range from a few hundred to several thousand dollars. The purpose of a … Read more