Deductible Shock Check

Step by step

1. Flat deductible: out-of-pocket = the flat amount. If no amount is entered, the $1,000 placeholder from the form is used and the result says so.
2. Percentage deductible: out-of-pocket = home value × percentage. If no percentage is entered, the 2% placeholder is used and the result says so.
3. Comparison rows show what 1%, 2%, and 5% deductibles would mean on your home value.
4. Combined deductibles = the home out-of-pocket above plus any auto deductibles you entered.
5. Self-funding position compares your stated liquid savings with both the combined total and the largest single deductible. When savings are left blank the comparison is not made, rather than being made against $0.

The formula

Out-of-pocket = flat amount, or home value × (percent ÷ 100). Remaining = liquid savings − (home out-of-pocket + auto deductibles).

Assumptions and their default values

Some of these change with the state you select.

Important disclosures

1. This tool is educational only. It illustrates potential exposure using the assumptions shown — it is not insurance advice, a price, or an offer of coverage, and it does not determine whether any coverage amount is right for you. Policy language varies; review your actual policy and discuss your situation with a licensed insurance professional.
2. Percentage deductibles are usually applied to the Coverage A dwelling limit on your declarations page, which may differ from the home value you entered.
3. Some policies carry separate deductibles for different perils (wind/hail, hurricane, all other perils) — check which deductible applies to which claim.
4. The savings comparison assumes every deductible is paid at once, which is the worst case rather than the likely one. It is an illustration of exposure, not advice about how much to save or which deductible to carry.