How percentage deductibles work
A percentage deductible is calculated on your dwelling coverage limit (Coverage A). On a $465,000 dwelling limit, a 2% deductible is $9,300, no matter how much damage there is. Earthquake policies and endorsements commonly use much higher percentages.
Earthquake coverage in Nevada
Nevada is among the most seismically active states, with damaging events like the 2008 Wells earthquake and the 2020 Monte Cristo Range earthquake. Standard homeowners policies usually exclude earth movement, so earthquake damage typically requires a separate policy or endorsement, often with a deductible between 5% and 25% of the dwelling limit.
Why this matters for appraisal
If the disputed amount sits mostly inside your deductible, appraisal may not change your payment. Run your numbers here before deciding.
All example figures are illustrative.
Questions about this tool
Does Nevada require wind deductibles?
No statewide rule requires them, but some insurers include percentage wind or hail deductibles. Check your declarations page.
Is the deductible taken from the total loss or per item?
Usually from the total covered loss for the occurrence. Read your policy for exact terms.