Understanding Deductibles in Insurance
Definition and Types of Deductibles in Insurance A deductible is the amount of money you pay out of pocket before your insurance coverage kicks in. It is a common feature in many types of insurance policies, including health insurance, auto insurance, and homeowner’s insurance. There are two main types of deductibles: a fixed dollar amount and a percentage of the…Read More »
What is a Deductible in Insurance?
Definition and Explanation of Deductibles In the world of insurance, a deductible is a specific amount of money that policyholders are required to pay out of pocket before their insurance coverage kicks in. Deductibles are common in many types of insurance policies, including health insurance, auto insurance, and home insurance. The purpose of a deductible is to share the risk…Read More »