How Does Deductible Work On Home Insurance? 
Great question ! The deductible on your homeowners works exactly the same way that it does on your health or auto insurance policies . Whatever amount the deductible is , that amount you are accountable for first . Often people will opt for a higher deductible to keep the monthly cost low , and as long as they have a savings fund to cover the higher amount , or are blessed to not have to file a claim , that is a great strategy . On the flip side , if that is n't the case , and a claim is filed , that higher deductible can be a real problem . It is very important to find a level where the deductible is affordable , as well as the policy . Thanks for asking ! 