Insurance is a way to protect your property, whether it is a car, a boat, or your own home. However, if you find yourself in a situation where you need insurance services in Miami, Florida, we will not be able to cover all of the costs. This is where your deductible comes into play.
- What Is a Deductible?
Basically, a deductible is the amount of money you will need to pay before your insurance will cover the rest. Depending on the kind of insurance you have and the plan you went with, your deductible can be anything from just a few hundred dollars to thousands of dollars. So before you get an insurance plan, make sure it comes with a deductible that makes the plan worth it.
- Varying Deductibles
Your plan will dictate the kind of deductible you will have. Typically, the more you pay into your insurance the lower your deductible will be. This is where customizing your insurance becomes important. For example, on an old beat up car, you probably will not want to spend a fortune on insurance so having a plan with a high deductible but low rate is preferable. However, when it comes down to health insurance, you will want to have a deductible as long as possible. Medical bills are not cheap so paying a bit extra for good insurance can save you a fortune during an unexpected medical emergency.
- The Perks
Some insurance plans will actually pay for certain programs for you, even if they do not meet your deductible. For example, some health insurance plans will completely pay for check-ups or disease management programs like dialysis. This is something to consider when you are creating your insurance plan.
- Separate Deductible
Some insurance plans will have different deductibles for different kinds of things. With health insurance, you may have one deductible for medical care and another for medications.
Those are just a few of the basics on deductibles. To make sure that you are getting an insurance plan that suits your situation while also having a fair deductible coverage, Amco Insurance will guide you through the entire process. It is our goal to help provide you with insurance that can protect you against unforeseen events and help you save on costs.