How Do Home Insurance Deductibles Work? 
The deductible in a homeowners insurance policy will represent the amount you the insured will pay in a covered loss . In other words you the insured are self insuring part of the loss which is the deductible amount you have chosen . For example if you have a $ 2,500 deductible on your homeowners insurance and your house is damage by fire -LRB- which is a covered loss -RRB- , then you the insured would be responsible for the first $ 2,500 in damages and the insurance company would pay the rest of the damage up to the policy limit . 