A median of $299,600 in country that has burned at scale. In hardening wildfire markets, carriers increasingly apply a separate deductible to fire, expressed as a percentage rather than a figure.
A percentage wildfire deductible on a $300,000 limit is thousands of dollars, not hundreds.
Three things about the figure you pay first.
In wildfire-exposed markets carriers increasingly apply a deductible to fire losses that is different from, and higher than, the standard one. It is frequently expressed as a percentage of the dwelling limit, which means it scales with the house and is not a figure anybody quoted you in dollars.
Two percent of a three hundred thousand dollar dwelling limit is six thousand dollars. That is the amount you would need available after losing a house, at the worst possible moment. Knowing the dollar figure rather than the percentage is the whole point of asking.
Where a wildfire-area quote is noticeably lower, the fire deductible is among the first things to check. It is a legitimate way to make cover affordable and it is a different product, not a better deal, and it should be a decision you made.
The numbers behind the premium.
Increasingly common and rarely volunteered.
The only form of the number that is useful.
After a total loss, with everything else happening.
Send your current declarations. We will convert every percentage into dollars.
We tell you the fire deductible in dollars before you accept it.
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