What Is A Homeowners Insurance Deductible? 
The deductible is the amount of a claim that you have to pay . In a homeowners policy it only applies to property coverages . For example , if there is a fire in your kitchen and resulting damage costs $ 25,000 to repair , the company will make the repairs after you have paid the deductible . Deductibles come as flat amounts or as a percentage of the total amount of coverage . The greater the deductible the lower the rate for that portion of the policy . Deductibles do not apply to many coverages of the homeowners policy , the most important being the liability coverage . 