How Does An Insurance Deductible Work For Home? 
There are various deductibles in homeowner policies . The higher the chosen amount of the deductible , often between $ 100 and $ 1,000 or more in a typical homeowner policy , the lower the premium you should be paying . The amount you choose as your deductible is what you as a homeowner will absorb in the event of a covered loss . Once the amount of a covered loss is determined , the insurance carrier responds by paying the claim less the homeowner deductible . Generally you choose the amount of your deductible by determining the highest amount you are willing to pay on your own in the event of a covered loss . How much risk can you afford to hold ? Toward determining this , it is important to remember that you do not want to be submitting claims for small losses . A poor loss history will work against you in the long run . So , use that as another determining factor in the amount of your chosen deductible . Always ask your independent agent to help you with this process . 