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.
Gun owners need to make sure that their homeowners policy covers the full value of their firearm(s) as personal liability.
You can plan ahead to protect yourself and your family against the financial consequences of deteriorating health.
There are many considerations when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.