If you're shopping for car insurance, homeowners insurance, renters insurance, or health insurance, you've likely come across the term "deductible." A deductible is an amount you'll pay before your coverage kicks in. Your deductible is a set number or amount, often chosen when you pick you...
A homeowners insurance deductible is the part of a claim you’ll pay out of pocket. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However...
Renters insurance is a type of property insurance that protects the personal belongings of the insured as well as against liability claims. It is offered to renters of various properties such as a house, townhome, apartment, condo, loft, studio, mobile home, and the like. Many also refer to...
Both homeowners andrenters insurancerequire regular payments, usually either monthly or as one lump-sum annual payment, and a policy must be in good standing in order to pay out on a claim. Both may require the payment of a deductible for claims unless otherwise specified in the pol...
Bundle your policies, install protection devices, consider how you pay and increase your deductible to potentially save money on renters insurance. Renters insurance is an important yet often overlooked financial safety net for tenants. While the building owner likely haslandlord insurance, that coverage...
A pet insurance deductible is the amount of money you pay out of pocket before your pet insurance starts paying for eligible expenses. Learn how your deductible affects your monthly premium.
Does Renters Insurance Cover Theft? Yes, renters insurance covers theft, after you meet your deductible amount. Theft is a more likely scenario than the kind of fire described above, and renters generally have a higher risk of theft than homeowners. So, even though you might think renters insu...
This means the insurer pays the amount it would cost to purchase the same or similar item as your deductible, or you will receive the amount necessary to purchase a similar item or the same item. Is Renters Insurance Required? No, renters insurance is not required; it’s completely ...
Most renters insurance policies include: Personal property protection. If your belongings are stolen or destroyed, the insurance company pays (minus your deductible). Liability and medical costs. If you’re found responsible for a person being injured or property being damaged in your home, the ins...
4. Choose your deductible amount A deductible is the amount you will pay out of pocket before the insurance kicks in. The higher your deductible, the lower your monthly premium, and vice versa. Note:Most renters insurance policies offer a $500 or $1000 deductible, but you can usually reques...