RON MARCHIANIFARMERS INSURANCE AGENT
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Insurance guide · Ron Marchiani, Farmers agent
A percentage deductible can equal thousands of dollars. Ask what coverage amount it is applied to, which events trigger it and whether a separate deductible applies.
Direct answer
Start with the policy language and the facts of the property, vehicle or household. General summaries help frame questions but do not determine coverage for an individual policy.
A percentage is only meaningful after you know its policy-defined base. For a simple illustration, 2% of a $400,000 dwelling limit is $8,000. That arithmetic is not proof that a particular policy uses Coverage A, applies the deductible to every loss, or defines the calculation this way; read the declarations and endorsements.
The declarations may show a windstorm or hail deductible, but the policy defines covered causes, locations, claim circumstances and how multiple events are handled. Ask whether the percentage is separate from the all-other-perils deductible and whether it applies per claim, occurrence or another contract-defined basis.
Request a written dollar example using the policy’s actual base. Keep that example with the quote so you can compare it against other offers.
Compare annual premium, deductible dollars, roof settlement basis, exclusions and coverage limits together. A lower premium can shift more cost to you when a covered claim happens. Your own emergency savings and tolerance for paying the deductible matter; this page does not recommend a deductible amount.
Quick answers
The arithmetic is $8,000. That example does not establish what amount a policy uses as its base or when the deductible applies; check the declarations and policy wording.
The policy defines the calculation base. Read the declarations and endorsements, then ask the insurer or agent to show the resulting dollar amount in writing.
Compare the dollar amount, annual premium, events that trigger it, roof settlement terms, limits and exclusions. A lower premium may leave you responsible for more after a covered loss.
Start with a real conversation
Ron’s agency says it can compare options from 50+ other carriers if Farmers is not the best price or fit. Availability varies by product, eligibility and location.