How do home insurance deductibles work?

Can I submit a claim for tree damage? I want to submit a claim to my home insurance for tree damage. My deductible is $1,500. The damage is going to cost $1,600 to repair.

Answer provided by
Emily Maracle
Answered on Jul 20, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
“Since the cost of your repairs are above your deductible, you are able to submit a claim.
However, it may not be worth it.
Since the cost of repairs is only $100 over your deductible, you are already paying a majority of the cost out of pocket. By submitting a claim for the $100, you risk your insurance premium increasing at your next renewal.
If you can afford to pay the extra $100 out of pocket, it’s worth covering the cost of repairs yourself. Deductibles exist to help prevent insureds from submitting small claims. You may save money by choosing to pay the claim yourself.
This all depends on your financial situation. If you can’t afford the extra $100, you should submit a claim. Your home insurance policy exists to protect you from risk. If the additional cost is hindering you from repairs, you’ll want to seek help from your insurance.”

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