Insurance Claim Tools
Home Insurance Deductible Calculator
Your deductible is the part of a covered loss you pay before insurance pays. A flat deductible is a fixed dollar amount. A percentage deductible is a share of your dwelling coverage limit, which can make it much larger than people expect.
Results
Amount above your deductible
$11,000
Before depreciation, limits, or other policy terms.
- Your deductible
- $7,000
- Estimated repair cost
- $18,000
- Your share of the repair cost
- 38.9%
How this was calculated
- Deductible = 2% × $350,000 = $7,000
- Above deductible = $18,000 − $7,000 = $11,000
How the formula works
percentage deductible = deductible % × dwelling coverage (Coverage A) amount above = repair cost − deductible (not less than $0)
Example
A home is insured for $350,000 with a 2% wind/hail deductible. The deductible is 2% × $350,000 = $7,000. After a hailstorm, a roofer estimates $18,000 to replace the roof. The amount above the deductible is $18,000 − $7,000 = $11,000, before depreciation or any other policy terms.
If the same home had a $2,500 flat deductible instead, the amount above it would be $15,500. That $4,500 difference is why it is worth knowing which deductible type your policy uses.
Percentage vs flat: quick comparison
| Dwelling coverage | 1% | 2% | 5% |
|---|---|---|---|
| $200,000 | $2,000 | $4,000 | $10,000 |
| $300,000 | $3,000 | $6,000 | $15,000 |
| $400,000 | $4,000 | $8,000 | $20,000 |
| $500,000 | $5,000 | $10,000 | $25,000 |
Limitations
- This does not determine whether a loss is covered. Coverage depends on policy language, cause of loss, exclusions, and the insurer's assessment.
- The amount above the deductible is not the same as the claim payment. Depreciation, sublimits, and prior payments are not included here.
- Some policies apply deductibles differently, such as per occurrence, per structure, or with a minimum dollar amount. Check your declarations page.
Common questions
How is a percentage deductible calculated?
It is a percentage of your dwelling coverage limit (Coverage A), not a percentage of the damage. A 2% deductible on a home insured for $350,000 is $7,000, whether the repair costs $10,000 or $100,000.
What is a wind/hail deductible?
A separate deductible that applies only to wind or hail damage. It is common in hail- and storm-prone states and is often a percentage. Your other claims, such as a kitchen fire, would still use the regular deductible.
Where do I find my deductible?
On the declarations page of your policy. It lists your Coverage A limit and each deductible that applies, such as all-peril, wind/hail, or hurricane.
Does the insurance company pay everything above my deductible?
Not necessarily. Depreciation, policy limits, exclusions, and coverage decisions can all reduce the payment. This calculator shows only the amount above the deductible, before those factors.
Related tools
This tool provides an educational estimate only. Insurance companies, contractors, and building officials may calculate these figures differently depending on policy language, property condition, local pricing, and applicable codes.
Disclaimer: Calculators and information on this site are provided for educational and estimating purposes only. Results do not determine insurance coverage, claim payments, repair requirements, or professional recommendations.