What is an Insurance Deductible? Archives - Udell Family Insurance

What is an Insurance Deductible?

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What is an Insurance Deductible?

Here’s what you need to know about insurance deductibles. 

When going through your homeowners, auto, or health insurance, you’re likely to see the term “insurance deductible” popping up time and time again.  But what exactly is an insurance deductible and how does it affect your insurance coverage?  Here’s everything you need to know about insurance deductibles.

What is it?

An insurance deductible is the amount of money you agree to pay out-of-pocket towards an insurance claim before your coverage kicks in.  For instance, if you have a deductible of […]