The deductible is the portion of a loss that is the responsibility of the insured. There is an inverse relationship between deductible and premium. The higher the deductible, the lower the premium. The hull deductible is typically 1% of the hull value. Credits up to fifteen percent of the hull premium are available for higher deductibles. Lower deductibles are assigned for specific equipment such as personal property, electronics, and dinghies. These lower deductibles are separated from the hull deductible, and therefore, reduce your exposure to a loss.