To get the most out of your homeowners insurance policy, you must choose the right deductible.
A deductible is the amount of money a policyholder needs to pay toward damages or a loss before the insurance company comes in and covers for the rest of the expenses. This deductible doesn’t go to the insurance company like a premium or monthly bill does. Rather, they just subtract your deductible from the claim that was filed. For example, if you have a $2,000 deductible and your claim is for $15,000, then your insurance company will send out […]