noun
1.
A Deductible is the amount of money a policyholder must pay out of pocket before any insurance payments are made. For example, if repairs to a personal vehicle cost $1,000, but the Deductible on that Policy is $500, the policyholder must pay $500 toward the repairs before the insurance company covers the other $500.
This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.
Gun owners need to make sure that their homeowners policy covers the full value of their firearm(s) as personal liability.
When you make an insurance claim, it can stay on record for up to seven years. Here's why CLUE reports are important and how they affect your premiums.