How Does A Deductible Work In Home Insurance? 
It works the same as any other deductible . You must pay whatever the deductible is before the insurance company will pay . For example , you have a $ 500 TV destroyed by a covered peril . If your deductible is $ 1000 then it would not make sense to turn in a claim . If you have a $ 20,000 loss due to a covered peril , you would be responsible for $ 1000 and the insurance company would pay $ 19000 . 