A new trend is for home insurance companies to change their policy to read that for any catastrophic losses such as a hail/wind, there is a separate deductible. These deductibles typically are a 1% to 2% of your total home’s value. Therefore, if your home is worth $500,000 to replace and you had a 1% deductible, you’re on the hook for a $5,000 deductible.
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