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.
Social media may be a modern imperative for businesses looking to grow and build their brand, but it also introduces risk.
Gun owners need to make sure that their homeowners policy covers the full value of their firearm(s) as personal liability.
Here, we discuss the basics of car insurance coverage, including what’s required by law, what coverage you may want to consider, and the importance of understanding deductibles.