Are You Covered?
Stop Paying for Deductibles and Sign up today!
Plans
Check Your Claim Status
Submit a Claim
Home Owner Insurance
There are a few different types of home insurance deductibles that policyholders can choose from, including:
1) Per-Occurrence Deductible: This type of deductible applies to each individual claim. For example, if the policyholder has a $1,000 per- occurrence deductible and makes three claims in one year, they would be responsible for paying $1,000 for each claim.
2) Annual Deductible: This type of deductible is a set dollar amount that applies to all claims made within a one year period. For example, if the policyholder has a $2,500 annual deductible, they would be responsible for paying $2,500 for all claims made within that one-year period, no matter how many claims they make.
3) Percentage Deductible: This type of deductible is a percentage of the total coverage amount. For example, if the policyholder has a 1% deductible, they would be responsible for paying 1% of the total coverage amount for each claim they make.
Policyholders should consider their own personal situation when choosing a deductible. If they are likely to make many claims, a lower deductible may be a better choice. On the other hand, if they can afford to pay a higher deductible in the event of a claim, a higher deductible may be the best option.
In summary, home insurance deductibles are the amount of money a policyholder must pay out of pocket before their insurance coverage begins. Policyholders can choose from per-occurrence, annual, and percentage deductibles, and should consider their personal situation when making a choice. The higher the deductible, the lower the monthly or annual premium payments will be.
Compare quotes and get Commercial insurance in right way
Start a fast, free commercial insurance quote with NoDuk. We help you find any insurance deductible plans that are right for you, so you’re not paying for anything you don’t want!
Get a insurance quote – typically in 2 minutes or less. Switch to NoDuk for an insurance policy from a brand you can trust.
Say no to deductibles! Say NO DUK!