A percentage deductible is calculated using the base identified by the policy, often the insured home value. It is not automatically a percentage of the damage, purchase price, or loan amount. Guy should confirm the applicable wording.
STEPHENVILLE · NORTH TEXAS
Match the property, the HOA, and the people.
For a Stephenville property connected with Tarleton, describe any gaps between school terms and leases. Give Guy expected departure and return dates, how the home will be checked, and whether a different occupant will use it during the break.
For a condo or townhome, obtain the master-policy declarations and association responsibilities before comparing quotes. For a house shared by students, describe the lease and each occupant’s relationship to the owner.
Property-specific insurance context
Ask how wind and hail are treated in the proposed policy, including a separate deductible or roof settlement provision. Check flood information at the property address.
Locate each deductible and the event it relates to. A proposal may use different terms for all-other-perils, wind/hail, or another event. Copy the wording into your notes rather than assuming the number on a summary describes every claim.
02
Enter the correct base.
In the explorer, select percentage and enter the policy’s stated coverage base. For an illustrative $400,000 base and 2%, the arithmetic gives $8,000. If the base changes at renewal, the same percentage produces a different dollar amount. This is arithmetic, not a recommendation for a particular deductible.
03
Ask how it applies.
Show Guy your calculation and ask when that deductible would apply, whether any minimum exists, and what remains outside it. A loss below the deductible, depreciation, limits, and excluded damage are separate concepts. Keep the explanation next to your proposal so the household understands the question before accepting coverage.
General guidance starts the conversation. Guy reviews the actual policy and property.
What amount is the percentage applied to?+
A percentage deductible is calculated using the base identified by the policy, often the insured home value. It is not automatically a percentage of the damage, purchase price, or loan amount. Guy should confirm the applicable wording.
Does a different deductible apply to wind or hail?+
Bring the property, current or proposed policy documents, and the details in this guide to Guy. He can review the actual wording and explain the next questions for your situation.
Educational information for Texas college housing. CollegeHousing.ai does not sell, bind, or underwrite insurance. Tools organize a conversation; they do not estimate premiums, determine eligibility, recommend a policy, or confirm coverage. Guy Wehman, a Texas-licensed insurance professional, reviews your actual situation. Coverage depends on the policy, exclusions, endorsements, insurer, and underwriting.
Guy Wehman · Goosehead Insurance · Texas license #883492. Verify Guy’s professional profile. CollegeHousing.ai’s published scope for Guy is Texas only. The phone above is the CollegeHousing.ai direct contact supplied for Guy.
