Percentage deductibles in Illinois
Illinois has no hurricane deductibles, but many carriers selling in the state now use a separate wind/hail deductible set as a percentage of Coverage A, especially in hail-prone areas. On a $340,000 dwelling limit, a 1% deductible is $3,400 — and a 2% deductible is $6,800.
Where to find yours
Check the declarations page for “wind/hail,” “windstorm or hail” or a similar deductible line. Endorsements later in the policy explain exactly when it applies.
How it affects appraisal
The deductible doesn’t change the amount of loss an appraisal panel decides, but it changes what you receive. A loss just above the deductible may not be worth disputing; a loss well above it may be.
Questions about this tool
Does the percentage apply to the whole claim?
It’s usually calculated from Coverage A but applied to the whole wind or hail loss. Check your policy wording.
Can I lower it?
Usually at renewal, for a higher premium. Ask your agent to price the options.