Deductibles are a key part of your insurance policy, but what do they mean for you? Let’s break it down!

• What is a Deductible? It’s the amount you agree to pay out of pocket before your insurance kicks in. For example, if you have a $500 deductible and file a claim for $2,000, your insurance covers the remaining $1,500 after you pay the first $500.
• Choosing the Right Deductible: A lower deductible means less upfront cost when filing a claim but usually comes with a higher premium. A higher deductible can lower your premium but requires more out-of-pocket in the event of a claim. Finding the right balance is key to aligning your policy with your financial goals.
• When Does It Apply? Deductibles are commonly associated with auto, home, and health insurance policies. Understanding when and how they apply can help you make informed decisions about your coverage.

Need help navigating your options? Our team is here to answer your questions and find a policy that works for you!