Insurance Terms
Percentage Deductible
A deductible calculated as a percentage of the home's insured value rather than a flat dollar amount. A 2% deductible on a $300,000 home means the homeowner pays the first $6,000.
A deductible calculated as a percentage of the home's insured value rather than a flat dollar amount. A 2% deductible on a $300,000 home means the homeowner pays the first $6,000.
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