BUSINESS

What Is a Deductible at a Minimum?

Your strategy might have a base deductible. If your employer has set a minimum deductible, you cannot increase it to save money.

Be sure to inquire about how your deductible works because some businesses offer zero or disappearing deductibles.

Ask about a zero-deductible option or whether there is a minimum deductible.

Let’s say your maximum out-of-pocket expense is $1,500. The light post deducted $500 from your annual obligation.

If you had a bad year on the road and two other people hit your car in different accidents, you would have to pay an additional $1,000 in deductibles.

You never again need to pay some other deductibles, since you met your personal breaking point for the period.

Your supplier ought to now pay 100 percent of your covered costs until the end of the term (on that approach).

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