What Is Deductible On Home Insurance? 
A deductible for homeowners insurance is typically the amount of financial responsibility that the insured is willing to accept in the event of a claim . i.e. you have a five hundred dollar deductible , lightning strike the roof of your home and the claim amount is one thousand dollars . The claim settlement amount would be five hundred dollars from the carrier . The insured would be responsible for the first five hundred dollars . 