What is Percentage deductible?
Definition. A deductible stated as a percentage of the dwelling (Coverage A) limit rather than a flat dollar amount, often applied only to wind and hail losses. A 2 percent deductible on a home insured for $300,000 is $6,000. See wind and hail percentage deductibles.
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More claim terms
Proof of loss · Replacement cost value (RCV) · Creased shingle · Hail bruise · Decking · Supplement · Waste factor · Reservation of rights