A percentage deductible can look small on a page and feel very different when you convert it to dollars. Before you compare home insurance quotes in Waco, ask what your wind and hail deductible would require you to pay.
Start with the amount the percentage applies to
Suppose a policy applies a 2% wind and hail deductible to a $350,000 dwelling coverage limit. That deductible is $7,000. It is not 2% of the repair bill. TDI recommends converting percentage deductibles into dollars before choosing a policy. TDI: Understanding deductibles
Here is an illustrative comparison using that same $350,000 limit:
| Deductible | Amount you would need to plan for |
|---|---|
| 1% | $3,500 |
| 2% | $7,000 |
| 3% | $10,500 |
These are examples, not available policy options or a quote. Your policy determines the percentage, the amount it applies to, and when it applies.
Your deductible is only 1 part of the roof question
Also ask how the roof itself is insured. Replacement cost and actual cash value settle losses differently, and roof age or condition can affect available coverage. Insurance does not replace a roof simply because it is old or worn out. TDI: Insurance and your roof
That means 2 quotes with the same deductible can still leave you with different costs after a covered loss. Ask whether a roof payment schedule, depreciation, exclusions, or other limitations apply. Have the agent point to the relevant wording instead of relying on the phrase “roof coverage.”
Try this before choosing a deductible
Write down the deductible in dollars. Then ask yourself where that money would come from if repairs were needed next month. If the answer is unclear, discuss the available choices before accepting the quote.
Bring these 4 questions to your review:
- What are my wind and hail deductible and other property deductible in dollars?
- How is my roof settlement calculated?
- Does the quote include any roof limitations I should understand?
- What roof information do you need to confirm the quote?
Have your roof age, material, and any replacement records ready. If you do not know the age, say so rather than guessing.
Your next step: Start a Home insurance quote and ask to review the deductible and roof terms together.