How Does My Home Insurance Deductible Work?
Insurance can be a complex topic, with different types of insurance policies offering different types of coverage, deductibles, and premiums. Home insurance and health insurance are two types of insurance that most people have, but they operate differently. One question that often arises is whether home insurance deductibles are similar to health insurance deductibles. The short answer is that they are not the same. A deductible is the amount of money you pay out of pocket before your insurance policy begins to pay for covered expenses. In home insurance, the deductible applies to property damage or loss, such as damage…Continue Reading