What your storm deductible actually comes to in dollars, and whether raising your regular deductible is worth the exposure. Estimates only — not a quote.
A typical 1% catastrophe deductible on $300,000 of coverage means you pay the first $3,000 of storm damage yourself — 3x the $1,000 deductible that applies to everything else. That is $2,000 more you would need on hand after a named storm than after a kitchen fire.
Shown on New Mexico’s reference coverage level of $300,000. Enter your own coverage above for your number.
New Mexico has no hurricane or named-storm deductible -- it is not among the 19 states plus DC that use them, and there is no statute requiring any separate catastrophe deductible. What it does have is a carrier-driven percentage wind/hail deductible: Insurify's quote-database read puts the AVERAGE wind/hail deductible on New Mexico quotes at 1.15% of the dwelling limit (about $3,730 at their average New Mexico dwelling limit), driven by hail exposure on the eastern plains. That is a real but modest structure -- roughly a third of Oklahoma's -- and it is optional carrier underwriting, not a mandated offer, so plenty of New Mexico policies still carry a single flat all-perils deductible. Worth being explicit about the peril this does NOT cover separately: wildfire is New Mexico's headline exposure, and wildfire losses are ordinarily settled against the standard all-perils deductible rather than a separate percentage one. The wildfire story in New Mexico shows up as non-renewals and FAIR Plan reliance, not as a catastrophe deductible.
This needs your two real quoted premiums. We deliberately don’t apply a “typical savings” percentage: deductible credits vary by carrier, state, and filing, so a made-up multiplier would give you a break-even that looks precise and isn’t. Ask your insurer to quote both deductibles — it takes one phone call, and the answer is specific to you.
What homeowners insurance costs in your state, and whether what you pay is out of line.
Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.
Did your renewal go up more than premiums did across your state — and what to do about it.
Your renewal jumped and the carrier said 'rates went up.' Here is what is actually driving it, how to tell whether yours outran your state's, and the four levers that genuinely move the number.
Flood and earth movement are excluded from every standard homeowners policy — and the clause that excludes them is written so a wind-and-water loss can be denied entirely. Here is what is out, and what fills each gap.
Non-renewed, cancelled, or declined: read the notice correctly, stop force-placed insurance, fix the reason code on it, and get the house insured again in 30 days.
The exact sequence to run when your house is damaged — mitigation, documentation, the claim call script, the adjuster visit, reading the estimate, and every escalation step in order.