06/19/2026
Understanding homeowners insurance deductibles is essential for every homeowner navigating property protection.
A deductible is what you pay out of pocket before your insurance covers damages.
For example, if a storm inflicts $5,000 in damage and your deductible is $1,000, your insurance would cover $4,000 while you handle the $1,000 deductible directly with your contractor.
Remember, you pay this deductible per claim—not annually like health insurance.
Choosing the right deductible affects both your monthly premiums and your emergency preparedness.
A higher deductible often means lower premiums but requires having sufficient funds saved.
On average, deductibles hover around $1,000; having this amount set aside is wise for unforeseen repairs.
I’m here to provide expert guidance throughout your home purchase or sale in Monterey County and beyond, ensuring you understand these nuances fully.
Ready to maximize your property's value and protect your investment?
Contact me today, and let's make your real estate journey smooth and informed — together!🌊🏡💼
Source: RocketMortgage Learn Mortgage Basics. Read more here: https://www.rocketmortgage.com/learn/homeowners-insurance-deductible
Barbara J Weidman DRE # 01931922
REALTOR®
831.254.6559
[email protected]