Deductibles are a key part of your home and car insurance policies. When you have an insurance claim, your deductible is the amount of money you pay for repairs before insurance starts paying. ❔-- How does a deductible work? When you buy an insurance policy, you’ll select a deductible amount that you're comfortable paying. Your insurance company will use this amount to set your premium. If something happens to your covered home or car, you’ll file an insurance claim. Your insurance…
