Definition
Wind/hail deductibles are typically percentage-based (2-5% of home value) in hurricane or hail-risk areas. They're higher than standard deductibles.
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Wind and hail deductibles are often percentage-based (2-5% of home value) in hurricane-prone or hail-risk areas. These deductibles can significantly increase out-of-pocket costs compared to standard deductibles. Some regions require wind deductibles by law. Understanding these deductibles is essential for storm-prone areas.
Pro Tip
In hail-prone areas, research wind/hail deductible requirements. Costs can be substantial.
Example
Wind/hail deductible of 3% on a $500,000 home results in $15,000 out-of-pocket for hail damage.