Articles Tagged ‘insurance deductible’

What is a Deductible?
Friday, February 15th, 2013
What is a DeductibleHaving adequate insurance coverage is generally viewed as a necessary part of any solid personal financial plan. For example, without sufficient health insurance, a single accident or injury could wipe out years or even decades worth of your savings. Similarly, if you have inadequate homeowners insurance then you could find that you’re unable to completely rebuild after a fire or natural disaster destroys your home. One key element of nearly every insurance policy you consider for yourself is the deductible. Deductibles Overview. The deductible of any insurance policy is the amount that you’re responsible for paying yourself, out of pocket,...

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Will I Save Money if I Raise My Deductible?
Thursday, December 6th, 2012
Will I Save Money if I Raise My DeductibleInsurance forms the “safety net” of each of our personal financial plans. We buy life insurance in order to financially provide for our families when we die, we buy health insurance so that we don’t have to pay the full cost of health care if we’re sick or injured, we insure our homes against, and we buy car insurance coverage above the legally required minimum in order to protect the value of our automobiles in case of an accident. All of this insurance coverage can be quite expensive. While it’s almost always a bad idea to simply forego coverage in...

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