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Understanding Deductibles
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Health Insurance
The deductible for health insurance is the amount you pay out-of-pocket for covered healthcare services before your insurance plan starts to pay.
Auto Insurance
The deductible for auto insurance is the amount you pay out-of-pocket for vehicle repairs after an accident or event before your insurer covers the remaining costs.
Homeowner's Insurance
The deductible in homeowner's insurance is the amount you are responsible for paying before your insurance covers damage to your home from a covered incident.
Renters Insurance
The deductible for renters insurance works similarly to homeowner's, representing the amount paid out-of-pocket before the insurer pays for the loss of or damage to personal property.
Travel Insurance
For travel insurance, the deductible is the amount you agree to pay toward covered expenses before the insurance company begins to reimburse you.
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