Estimating & Workflow

Flat deductible

A fixed dollar amount a policyholder must pay toward a covered loss, instead of a percentage of the home value. A flat deductible means the out-of-pocket amount is the same regardless of the size of the claim. Contractors should confirm the deductible at the start of a job, because it affects the payment the policyholder receives after the carrier subtracts it from the approved repair cost.