What does that percentage mean?
For a deductible calculated as a percentage of dwelling coverage, enter the coverage limit and percentage shown in your policy.
Your example deductible$8,000.00
2% of a $400,000 dwelling coverage limit. This is the deductible amount, not a claim payout.
Illustration only. Your policy may use a different deductible or calculation basis. Check the applicable coverage and loss type. This tool does not estimate coverage, settlement, fees, or repair costs.