noun
1.
A Deductible is the amount of money a policyholder must pay out of pocket before any insurance payments are made. For example, if repairs to a personal vehicle cost $1,000, but the Deductible on that Policy is $500, the policyholder must pay $500 toward the repairs before the insurance company covers the other $500.
There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.
Confused about Term or Whole Life Insurance? Discover how they work and, most importantly, how they can work for you.
Planning a trip but unsure if travel insurance is a good idea? Check out these 4 key things to know what travel policies cover - and what they don’t.