Does home insurance have deductibles?

[hiren]

Does home insurance have deductibles?

[manjulal]

Usually, home insurance has deductibles which is not covered by the insurer. The deductible part need to be covered by the insured.

[maheshkulkarni]

Yes, it is the amount that you will have to bear as loss, before the insurance company provides you with claim amount.

[N.Kumari · Accepted solution]

Hi,

No, incase if any: Deductibles are the compulsory amount that you pay when there is a claim. If your home insurance plans involve deductibles then your premium amount depends upon deductible percentage. Higher the deductible lower the premium and vice versa.