Insurance

What is a Deductible?

Deductible

[dih-duhk-tuh-buh l]

noun

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.

Have A Question About This Topic?

Is Your Insurance Santa Proof?

The holiday season isn't complete until you've watched your favorite Christmas movie. Consider how the aftermath of these favorite movie mishaps would play out in real life.

Did You Know This Fact About Smoke Detectors?

Do you know how often to change the batteries on your smoke detectors?

Estimating the Cost of College

This worksheet can help you estimate the costs of a four-year college program.