What are the different deductibles and what level of deductible should I choose?
The deductible is the amount of money you would have to pay yourself on each claim. You can only collect on your insurance policy of course once the deductible amount is exceeded. And of course, a policy with a $100 deductible will cost more than one with a $500 deductible. So when you are deciding what policy is best for you, obviously take into account the cost you want to pay and the risk you want to mitigate.
