What is an 'All Perils' deductible?

An 'All Perils' deductible applies to all covered losses except those specifically excluded. It means you'll pay the same deductible amount for any type of covered claim.

An 'All Perils' deductible is a type of deductible that applies to any type of covered event under the policy. Unlike specific deductibles for named events like hurricanes, this deductible is applied to all claims, regardless of the cause.

If a fire damages your property and you file a claim, the 'All Perils' deductible would apply regardless of the cause, ensuring consistency in deductible costs.

Check if an 'All Perils' deductible is reasonable for your situation. It might be more convenient than having separate deductibles for different events.