How do I calculate my insurance deductible?

How do I calculate my insurance deductible?

To calculate your insurance deductible, you need to know the total amount of your claim and your deductible amount.

What if my claim is less than my deductible?

If your claim is less than your deductible, you won't receive any payout from your insurance. You'll need to cover the costs yourself.

Can I change my deductible amount?

Yes, you can usually change your deductible amount when you renew your policy or by contacting your insurance provider.

What are the benefits of a higher deductible?

A higher deductible often results in lower premium payments, but it means you'll pay more out-of-pocket in the event of a claim.