Will having supplemental homeowners insurance cover my deductible?

Question

If I buy supplemental homeowners insurance will it cover my $1000 deductible I have to pay now? Say I have $3000 worth of damage. My current insurance only pays $2000 because I owe the $1000 per claim. But if I had another homeownwers policy couldn't I file a claim with them too?

Answer 1

Exactly what kind of "supplemental homeowners insurance" are you talking about?

Answer 2

When you say "supplemental homeowners insurance", what do you mean?  There's no policy that covers a deductible.  

If you have two homeowners policies, they share the loss.   You will have a deductible on both of them.  Each policy describes exactly how it shares a loss with another policy.

The REASON you have a deductible, is so that you can't file little claims.  The rate on that first $1,000 of coverage would be darned close to $1,000, if not over it.   The POINT, is to give you incentives to NOT have a loss.  

It's not going to work that way.  You won't find someone to give you a policy for $1,000 or even $5,000 of coverage.