Does Your Homeowners Insurance Really Protect You at All?


Separate deductibles

Different deductible amounts may apply for different perils inherent in the same home insurance policy. This tactic is to moderate exposure to the insurer, limit liability for catastrophic losses, and control coverage prices. Perils like burglary or fire may require a few hundred dollars in deductible costs. Hurricane, flood, tornado, or earthquake perils may cost thousands or tens of thousands in deductibles.