Page 7 - 3rdQTPersonalNL

$1,000 deduc ble. In fact, some insurers don’t even o er the lower deduc bles anymore.
In fact, these aren’t the
only ones driving this
trend: During the recession
of 2007-2009 and the
subsequent recovery period,
many homeowners chose
higher deduc bles to keep
their monthly insurance
payments down. Those folks
o en found they were comfortable paying a higher deduc ble, even a er their nancial situa ons improved.
Split Deduc bles
This type of deduc ble is for people who want di erent deduc bles for di erent types of losses. For example, insurers may allow
you to have one deduc ble for wind and hail damage, and another for everything else.
Percentage Deduc bles
These deduc bles have been the norm in Texas for a while, and are becoming