How will my home insurance company take my deductible?

"I have a $500 deductible for my home insurance. If I file a claim, will my insurance company take the $500 out of the payout or will I have to pay the deductible upfront?

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Answer
“When you file a claim, the deductible is typically taken from the total loss amount before the home insurance company pays out. For example, let’s say you have a total loss amount of $2,000 and your deductible is $500. The insurance company will typically subtract the deductible from the total loss amount and then pay you the difference, leaving you with a $1,500 payout. “
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Savannah Grabek
Answered on Apr 13, 2021
Savannah Grabek is an expert in Personal Lines insurance. She has 5 years experience in the insurance industry. Savannah began her carrier working with just property insurance and is now tenured in all personal line including home, auto, motorcycle, boat and umbrella. She previously worked for GEICO and has now been working with Jerry insurance for the past year. Savannah lives in New York with her son, fiancé, and puppy Bear. In her free time she enjoys spending quality time with her family and hiking with her dog.
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