Why Washington owners should check this
Earthquake coverage in Washington is usually bought separately or by endorsement, and it almost always carries a percentage deductible, often 10% to 20% of the dwelling limit. Some policies also use a percentage deductible for wind or hail. On a $520,000 dwelling limit, a 10% deductible is $52,000.
Where to find yours
Look on the declarations page and in any earthquake endorsement. Check whether the deductible applies separately to the dwelling, other structures and contents, or to the loss as a whole.
How it affects appraisal
A deductible doesn’t change the amount of loss a panel decides, but it changes what you receive. A loss just above the deductible may not be worth disputing. One well above it may be.
Example figures loaded in the calculator are illustrative only.
Questions about this calculator
Does the earthquake deductible apply to contents too?
Some endorsements apply separate deductibles to each coverage; others apply one to the whole loss. Read the endorsement carefully.
Can I lower my deductible?
Usually at renewal, if the insurer offers it. A lower deductible raises the premium.
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