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A deductible is the amount of money that you are responsible for paying toward an insured loss. When a disaster strikes your home or you have a car accident, In this video I explain what the 4 types of deductibles are and what are most common. This will cover Auto and Home insurance.
How Does My Homeowners Insurance Deductible Work? In this video, you'll learn everything you need to know about homeowners insurance! We cover everything from dwelling coverage For example, if I have sump pump overflow coverage limit of $25000, and a $5000 deductible- and I incur $35000 of damages,
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Your deductible is what you are willing to pay in the event of that catastrophic loss(claim). You have to decide what a catastrophic loss is to What is a Homeowners Insurance Deductible? | Progressive
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For example, if you file a claim for $15,000 and your homeowners insurance deductible is $1,000, you'll receive payment for $14,000. Deductibles Are You Overpaying for Homeowners Insurance? One number on your policy could be quietly draining your wallet: your
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