What is a wind/hail deductible?

A wind/hail deductible is a type of insurance deductible that relates to damage caused by wind and hail. In Arizona, insurance companies require a wind/hail deductible to be met in order for a claim to be approved. Typically, a wind/hail deductible is a percentage of the total value of the insured property, such as two percent. In other words, if a homeowner has a total property value of $200,000, then they may have to pay a 2 percent deductible of $4,000 before their insurance company will cover any damage caused by wind or hail. Therefore, the homeowner would be responsible for paying the first $4,000 of the damage claim, and the insurance company would cover the rest of the costs. Additionally, it is important to note that different insurance companies may have different deductibles, so it is important to do research before purchasing a policy in order to understand what the deductibles are and to ensure that the best rate is being received. In Arizona, homeowners should also be aware that high winds and hail can come without warning, so it is important to review coverages beforehand and to check to see if the wind/hail deductible is fair for the property being insured. By doing this, homeowners can be better prepared if their property ever does suffer damage due to wind/hail.

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What is a wind/hail deductible?

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