We’ve heard this before: “This might be a dumb question….”
When finding out about insurance coverage, there’s so much information coming at you… understanding of rates, insurance deductible amounts, claim procedures, etc. At Waxhaw Insurance Agency, no question is dumb! We’re here to answer any questions you might have about insurance coverage, rates, and all that fancy insurance lingo.
Some folks ask: “What actually IS a DEDUCTIBLE?” The simple answer is this: An insurance deductible is the amount of money you will pay out of pocket for any damage to your property. Here are a few things you need to know…
- As you purchase or renew your insurance, consider your deductible, and make sure it’s right for you.
- Will you be able to afford your deductible if you file a claim?
- Understand how your deductible effects your insurance rates.
An affordable deductible makes for affordable protection. Want to lower your rate? Raise the deductible.
Sounds simple… but wait. Look back at 2 on the list above. The deductible is the amount you’re required to pay before your insurance provider pays for any covered losses. If something is damaged, it might cost more than the deductible, or less. But you’ve purchased your coverage based on the agreed deductible amount.
It will be up to you to decide what’s best, but we can show you how the deductible amount will effect your rates. Whether insuring your home in Waxhaw or your vehicle in Weddington, the deductible amount will affect your premium rates. If you are willing to pay a higher deductible, you could get a lower premium. Alternatively, you might pay a higher premium rate if you choose a lower deductible.
Don’t be shy, we answer questions all the time. Feel free to call us and set up an appointment. There are many ways to get insurance coverage. An independent agency like ours is focused on local customer satisfaction, care, and service. At Waxhaw Insurance Agency, we are here for you. Call one of our agents – and, we promise there are no dumb questions!