What is the base deductible in a homeowners policy?

In a homeowners policy, the base deductible refers to the initial amount that the policyholder is responsible for paying out of pocket before the insurance coverage kicks in to cover losses for claims. The standard base deductible commonly found in homeowners insurance policies is $250.

This amount can vary by policy and insurer, as individuals may have the option to choose a higher deductible in exchange for lower premiums. However, the $250 deductible is widely recognized and serves as a baseline in many standard homeowners policies. Understanding this concept is crucial, as it affects how much you will pay in the event of a claim and can influence overall policy costs.