Homeowners Insurance Secrets You're Not Supposed To Know
Secret #3: The Impact of Your Deductible
Your deductible is the amount you pay out-of-pocket before your insurance coverage kicks in. Opting for a higher deductible can lower your premium, but it’s essential to ensure that you can afford this amount in the event of a claim. Balancing your deductible and premium is key to optimizing your insurance strategy3.