West Texas Hail Risk
Your deductible is a storm waiting to happen.
You can't stop the storm, but you can control what it costs you. Most West Texas homeowners don't realize their wind & hail deductible is percentage-based, often thousands more out of pocket than they expect, on top of the damage itself.
What is a wind & hail deductible?
Unlike a flat-dollar deductible, many Texas homeowners policies apply a percentage-based deductible specifically for wind and hail damage, commonly 1% to 3% of your home's insured value. On a $300,000 home, a 2% wind & hail deductible means the first $6,000 of storm damage comes out of your pocket before coverage kicks in.
A wind & hail deductible buyback is a separate policy you can purchase to lower that percentage-based deductible. Rise offers access to buyback coverage that can bring your wind & hail deductible down to as low as $0, so you know exactly what you'd owe before a storm hits, not after.
An illustrative example
Figures below illustrate how a percentage deductible works on a $300,000 home, and what buying that deductible down can look like. They are not a quote. Actual pricing and the deductible level you can buy down to depend on your home, your carrier, and the buyback policy you choose.
| Standard Percentage Deductible | With Buyback (illustrative) | |
|---|---|---|
| Deductible Type | Percentage-based | Flat dollar amount, chosen by you |
| Deductible Rate | 2% of Coverage A | Set by the buyback policy you choose |
| On a $300,000 Home | $6,000 out of pocket | As low as $0 out of pocket |
Not sure what your current deductible actually is?
We'll pull your policy, walk through it in plain English, and tell you honestly whether a buyback makes sense.
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