{"id":462,"date":"2016-07-29T03:37:54","date_gmt":"2016-07-29T03:37:54","guid":{"rendered":"http:\/\/www.keystoneinsurance.us\/?p=462"},"modified":"2016-07-29T03:44:25","modified_gmt":"2016-07-29T03:44:25","slug":"what-is-a-1-deductible","status":"publish","type":"post","link":"https:\/\/keystoneinsurance.us\/?p=462","title":{"rendered":"What Is A 1% Deductible?"},"content":{"rendered":"

\"July<\/a><\/p>\n

Have you ever looked at your home or renters insurance and wondered what it meant when the deductible said 1%?\u00a0 Well we\u2019re here to tell you!<\/p>\n

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While your auto insurance might list a deductible of $500 or $1000, your home insurance typically shows a percentage based deductible.\u00a0 The percentage is based on the total amount of coverage on your home.<\/p>\n

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So if your home is insured for $200,000, then you would have a $2000 deductible in the event of a claim.\u00a0 (This is the amount you would be responsible for paying before the insurance kicks in.)<\/p>\n

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If your home is insured for $500,000, then you would have a $5000 deductible.\u00a0 Big difference!\u00a0 But they both would be listed as 1%.<\/p>\n

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Often there are many different deducible options available, but many mortgage lenders will require that you choose a 1% or lower in order to keep the repair cost manageable.<\/p>\n

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If you choose a much lower deductible like $1000 (if it\u2019s available, not all policies offer these<\/em>), you would pay a much higher annual premium for the coverage because you\u2019d have less out of pocket after a loss.<\/p>\n

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Deductibles can be complicated!\u00a0 But it\u2019s important to know what you have and have that amount available in your emergency savings in case of a major claim.\u00a0 If you\u2019re unsure how to read your policy or want to know other deductible options, give us a call today and we\u2019ll be happy to help!<\/p>\n

Zappia Insurance & Financial Group<\/strong><\/p>\n

Toll-Free 1-800-569-2867<\/strong><\/p>\n

Du Bois & Treasure Lake (814) 371-4901<\/strong><\/p>\n

Pittsburgh & Cranberry (412) 265-6383<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Have you ever looked at your home or renters insurance and wondered what it meant when the deductible said 1%?\u00a0 Well we\u2019re here to tell you!   While your auto insurance might list a deductible of $500 or $1000, your home insurance typically shows a percentage based deductible.\u00a0 The percentage is based on the total […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[10,9],"tags":[],"class_list":["post-462","post","type-post","status-publish","format-standard","hentry","category-homeowner-tips","category-insurance-tips"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t