06/01/2026
A deductible is the amount you pay out of pocket before your insurance coverage kicks in after a covered claim.
For example, if you have a $500 deductible and experience $3,000 in covered damage, you would pay the first $500 and your insurance would cover the remaining $2,500.
Generally:
✔️ Higher deductibles = Lower monthly premiums
✔️ Lower deductibles = Higher monthly premiums
Choosing the right deductible is all about finding the balance between affordable monthly payments and what you're comfortable paying if a claim happens.
Not sure if your current deductible is the right fit? The Kincanon Agency is here to help you review your coverage and make sure it matches your needs and budget.
📞 Contact us today for a policy review!