Your deductible is the amount you pay out of pocket before the carrier's coverage applies. On a $50,000 loss with a $2,500 deductible, the carrier pays $47,500. Multiple deductibles in one policy. Most homeowners policies have a flat deductible for general perils ($1,000 or $2,500 is common) plus a separate, often higher deductible for wind and hail (1 percent to 5 percent of dwelling limit) and sometimes for named storms. On a $500,000 home with a 2 percent wind deductible, your hail-loss deductible is $10,000 even if your fire deductible is $1,500. What you can do. Review your declarations page now, before a loss. If your wind/hail deductible is higher than you can comfortably absorb, ask us about buying it down. The premium increase is often modest relative to the protection.