What types of deductibles do TWIA Dwelling policies have?

TWIA dwelling policies typically include both Coverage A and Coverage B deductibles. Coverage A refers to the dwelling itself, while Coverage B pertains to other structures on the insured property, such as garages or fences. By having deductibles for both coverages, TWIA provides a framework that reflects the different risk exposures associated with the primary dwelling and secondary structures. This ensures that policyholders are financially accountable for losses to both areas, which can vary in terms of value and exposure to risk.

The presence of deductibles is a standard practice in insurance to help mitigate losses and encourage policyholders to manage their risks effectively. By structuring deductibles this way, TWIA policies align with typical insurance practices, making it easier for policyholders to understand their coverage while promoting a sense of responsibility in managing their claims.