When you file a claim for a covered loss, you
may be responsible for a set amount, called a
deductible, to repair or replace whatever is
damaged or stolen.
Example: A fire starts in the rental property
and burns the walls, causing $5,000 worth
More about deductibles.
- Not all coverages will have a deductible. However, a deductible will always apply to Dwelling, Other Structures and
Personal Property coverages.
- The amount of any deductible will be shown on your Policy Declarations next to the coverage.
- In most cases, you choose the deductible from a range of options. A higher deductible usually means a lower