A deductible is a certain amount of money that you have to pay out of pocket before your insurance company will cover any losses under your homeowner’s insurance policy. The higher your deductible, the less expensive your homeowner’s insurance policy will be. Plus, if your deductible is higher, you will tend to file fewer claims with your insurance company, which will help keep insurance policy prices lower for you.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.