One of the many tips that we usually receive as we try to save money on insurance premiums is to increase our deductibles. You are probably asking the question how to do that, or how safe is that in case you decide to increase the amount. Or what if you had an accident, how will deductible play its cards?
In this article, we are going to discuss what deductible is, how it is going to impact on your insurance premium costs and to the coverage as a whole, and what possible benefits will it provide to policyholders.
You may or may not have heard of insurance deductible, or the concept has not been clear to you. Deductible is taken from the word deduction. Deductible is offered as part of comprehensive and collision coverage. During an accident, this amount is taken from your own pocket to finance your repair needs and … Click here to read more