How does the wind/hail deductible on my policy work?

I see that my homeowner's policy has a wind/hail deductible of 5% and then another deductible of $1,000. I guess I didn't notice this when I purchased the policy. I am insured for $375,000; how would the wind/hail deductible come into play?

“It is very common in areas of the country with a high risk of loss from wind and hail damage to have a homeowners policy with a separate deductible. This makes the premium affordable for the customer and allows the insurance carriers to save money with a lower payout.
Wind/hail deductibles generally have a percentage of 1%, 2% or 5%.
Since your home is insured for $375,000, your deductible for wind/hail is $18,750. If this amount seems out of your range, contact your carrier and ask for quotes with the lower options.
Another way to save on your insurance is to bundle your auto and home policies together for the multi-line discount. One of the easiest and most efficient ways to do this is by downloading the free Jerry app. Jerry collects quotes from over 50 carriers and put the best options for you all in the app.”
Shannon Martin
Answered on Jul 26, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.

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