09/05/2026
🏡HOMEBUYER EDUCATION SERIES
💰 YOU HAVE HOMEOWNERS INSURANCE—BUT DO YOU KNOW WHAT YOUR DEDUCTIBLE IS?
You know your mortgage payment.
You probably know approximately what you pay for homeowners insurance.
But let me ask you something:
If you had a covered claim tomorrow, do you know what your deductible would be?
A lot of homeowners don't.
📄 START WITH YOUR DECLARATIONS PAGE
Your insurance declarations page gives you important information about your policy, including your coverage limits and deductibles.
Don't wait until something happens to read it.
💵 NOT EVERY DEDUCTIBLE IS A SIMPLE DOLLAR AMOUNT
You might see a deductible such as:
$1,000 or $2,500
But some policies may have a deductible expressed as a percentage.
And that percentage can make a BIG difference.
For example:
If the applicable coverage limit is $400,000 and your deductible is 2%, that could mean a $8,000 deductible for a covered loss subject to that deductible.
2% of $400,000 = $8,000
That is very different from a $2,000 deductible.
⛈️TEXAS HOMEOWNERS—PAY ATTENTION TO WIND & HAIL
Your policy may have different deductibles depending on the type of loss.
Don't assume the deductible you remember applies to everything.
Ask your insurance professional to explain exactly what applies to wind, hail, storms and other covered losses.
🏦 BUILD YOUR EMERGENCY FUND WITH YOUR DEDUCTIBLE IN MIND
Here's something I want first-time buyers to consider:
If your largest potential deductible is several thousand dollars, could you handle that expense without putting it on a credit card?
Homeownership requires more than having enough money for the mortgage.
You need reserves for the unexpected too.
🔑 HOMEOWNER CHALLENGE
Pull out your homeowners insurance policy today and answer these questions:
✔️ What are my deductibles?
✔️ Are any of them percentage-based?
✔️ Do wind and hail have separate deductibles?
✔️ What are my coverage limits?
✔️ When was the last time I reviewed my coverage with my insurance professional?
If you can't answer those questions, today is a great day to find out.
Buying the house is one thing.
Understanding how to financially protect it is another.
I turn confusion into clarity, stress into confidence, and houses into homes.
Helping you make informed decisions before you ever sign a contract.
Want to learn more? Join me at my next First-Time Buyer Survival Workshop and gain the knowledge to buy with confidence.