First, letâs talk about the different types of deductibles. Typical homeowners insurance policies have 2 deductibles. The first deductible is known as the policy deductible and the second is commonly referred to as the hurricane deductible, or as known in the industry as the catastrophic windstorm deductible. Letâs discuss the standard policy deductible. Normal options for policy deductibles are $500, $1000, $2500, and sometimes $5000 when we are speaking about homes valued under $1 million in reconstruction value. Every deductible offers a percentage discount off the base premium of your insurance policy.
verb (used with object) 1. to get again; recover: to regain one's health. 2. to succeed in reaching again; get back to: to regain the shore. noun. 3. (in a moisture-free fabric) the percentage of the weight that represents the amount of moisture the material is expected to absorb under normal conditions.
Legal Definition of recall. 1  1 : a call to return a recall of workers. 2  2 : the right or procedure by which an official may be removed by vote of the people a recall petition. 3  3 : the act of revoking.  4 : a public call by a manufacturer for the return of a defective or especially unsafe product.