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What is a deductible?

Nov 17
What is a deductible?

A deductible is like a ”co-pay” on health insurance. It is a portion of the repair bill that is not covered by your insurance policy. The amount is determined by your insurance policy and is first set when you first purchase your insurance policy.

Deductibles are commonly $100, $250, $500 and $1,000. The higher your deductible amount, the lower your insurance premium.

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