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.
Common questions
What does "Flat deductible" mean in Xactimate estimating?
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.
Where does "Flat deductible" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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