Split Deductible

A split deductible is a policy structure where different out-of-pocket costs apply based on the cause of loss. Typically, a homeowner might have a standard flat deductible (e.g., $1,000) for perils like fire or theft, but a percentage-based deductible (e.g., 2% of the dwelling value) specifically for wind, hail, or hurricanes. This allows carriers to offer lower premiums while shifting more financial responsibility to the homeowner during high-frequency catastrophic weather events.