Home insurance policies, health insurance policies with specific coverages, and auto insurance policies frequently offer waivers of deductibles.
You can purchase a waiver of your deductible from some auto insurance companies.
Avoid “purchased” waivers because you won’t really be ahead if the cost of the waiver is the same as the savings from a higher deductible.
home insurance deductible waivers.
The policy’s language covers condo insurance and renters insurance. You might be able to purchase additional waivers, but you should always start by asking what comes free of charge.
When there is a significant loss, such as a home insurance claim in which the house must be rebuilt or a fire, the waiver of deductible typically comes into play.
If your insurance policy has a waiver of deductible clause, you may feel more comfortable increasing your deductible to save money.
