Insurance Lesson

What is a deductible

A deductible is the amount deducted from any covered loss payment by an insurance company. Higher deductibles typically result in a lower premium.

Lesson Script

What This Video Covers

A deductible is the amount deducted from any covered loss payment by an insurance company. Higher deductibles typically result in a lower premium.
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Water Backup Coverage

Water backup coverage applies to damage caused by water or sewage backing up through drains, sewers, or sump systems, subject to limits.