What Does Deductible Mean In Renters Insurance? 
The deductible applies to a property loss . Once the amount of loss is determined the deductible is applied . For example if there was a fire in the kitchen and the damages reached $ 50,000 . The company would reimburse you for $ 49,000 if your deductible was $ 1,000 . If some of the loss was subject to limitations , this would then be applied and could further reduce the adjusted claim . For example if your loss include $ 20,000 in firearms and your policy had a limit of $ 2,000 , the settlement would be reduced an additional $ 18,000 . There isnt a deductible applied to liability claims in most homeowners policies . 