What Is A Renters Insurance Deductible?

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   Mark Bartlett CLCS

   Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers

   A deductible is the amount you the insured will pay if you have a claim. The higher deductible you take when you purchase a policy the lower your premium will be since you assume a little more risk yourself. For example, If you have a $500.00 deductible and you have a $2,000.00 loss then you pay the first $500.00 (your deductible) and the insurance company pays the $1,500.00

   Answered on August 29, 2013

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