Which deductible is specific to wind or hail damage under homeowners insurance?

The deductible that is specific to wind or hail damage under homeowners insurance is often a percentage of the home’s value deductible. This means that the deductible amount is calculated as a percentage of the insured value of the home, rather than being a fixed dollar amount.

This kind of deductible is commonly applied in areas that are prone to wind and hail damage, allowing insurance companies to manage their risk exposure more effectively. By linking the deductible to a percentage of the home's value, it aligns the out-of-pocket expenses for the insured with the potential severity and cost of the damage. For example, if a home is valued at $300,000 and the deductible is set at 2%, the homeowner would be responsible for $6,000 in the case of a claim due to wind or hail damage.

Other types of deductibles mentioned do not typically align with this specific coverage. A flat rate deductible would imply a fixed amount regardless of the home’s value, and a fixed dollar amount lacks the risk-adjusted approach seen in percentage deductibles. Variable rate deductibles based on location are more often related to general risk factors rather than strictly specific to wind or hail damage.