by Selection Insurance Agency | Apr 25, 2020 | Insurance Deductible
What is a Deductible? A deductible is the amount of money the insured is required to pay before his/her insurance begins covering the costs. For example, if you were in a car accident and the damage totaled to $8000 and your deductible was $1000, this means that you...
by Selection Insurance Agency | Apr 24, 2020 | Insurance Deductible
A deductible is the amount of money you agree to pay as your share of the cost of a claim before the insurer is committed to paying the rest of the claim. Deductible helps mitigate the moral hazard in insurance. This means the risk that the policyholder may not act...
