Where percentage deductibles show up in Utah
Earthquake endorsements almost always use a percentage deductible, often 10% to 20% of the dwelling limit. Some Utah policies also use a percentage deductible for wind or hail. Your declarations page lists each deductible and how it’s calculated.
How it affects a dispute
The deductible doesn’t change the amount of loss an appraisal panel decides. It changes what you receive. If the loss sits near the deductible, a disputed amount may not be worth the cost of appraisal. If the loss is well above it, every additional dollar of the award reaches you.
An illustrative example
With the default figures, a 10% deductible on a $520,000 dwelling limit is $52,000. A $46,000 loss falls entirely within it, so no payment would be owed under that deductible, while the same loss under a $1,000 flat deductible would pay $45,000.
Questions about this calculator
Does the percentage apply to contents?
The percentage is usually calculated from the dwelling limit and applied to the whole loss under that peril. Wording varies, so check your endorsement.
Can I lower my earthquake deductible?
Options depend on the carrier. Lower deductibles generally cost more. Ask your agent at renewal.