A wind/hail deductible is a type of insurance deductible that applies specifically to damages caused by windstorms or hail. This type of deductible is expressed as a percentage of the insured value of the property, rather than a fixed dollar amount.
For example, if a homeowner has a 2% wind/hail deductible and their insured value of the property is $200,000, their deductible for wind/hail damage would be $4,000 ($200,000 x 2%). If a windstorm causes $20,000 in damages to the property, the homeowner would be responsible for paying the first $4,000 of those damages, and their insurance would cover the remaining $16,000.
The specific percentage of the wind/hail deductible can vary depending on the policy and insurance company. A higher wind/hail deductible can result in lower insurance premiums, but it also means that the homeowner is responsible for a larger portion of the damages in the event of a windstorm or hail damage.