Homeowners insurance is a vital protection for homeowners, but it can be confusing at times. One of the most common questions that homeowners ask is who they should pay the deductible to when they file a claim. In this article, we will explain who you should pay the deductible for homeowners insurance and what you … Read more
A deductible in homeowners insurance is the amount you pay out of pocket before your insurance policy kicks in. For example, if you have a $1,000 deductible and your home suffers $5,000 in damage, you would pay $1,000 and your insurance company would pay the remaining $4,000. Why Do Homeowners Insurance Policies Have Deductibles? Homeowners … Read more
A homeowners insurance deductible is the amount of money that a policyholder must pay out of their pocket before their insurance coverage kicks in. The deductible is a fixed amount that is agreed upon when the policy is purchased, and it can range from a few hundred to several thousand dollars. The purpose of a … Read more
