A deductible is a set amount you pay out of pocket before your insurance policy pays out on a claim.
A lot of people assume that increasing their insurance deductible is an effective way to increase their savings annually on their policy.
As #insurance #nerds, we’re here to make it clear on what’s #fact or #faux!
When clients choose to increase their deductible, typically in $500 increments, it’s only going to provide them with a #minimnal #annual #savings!
I know, #shocker, right?!
There are more effective ways to decrease your annual out of pocket costs on your insurance policy. So, give Clevenger Insurance a call today at 574-267-2181 to discuss what other options you may have if you are wanting to safe money annually on your insurance coverages!