What is an insurance deductible waiver?

An insurance deductible waiver is a type of insurance policy that eliminates or reduces the amount of money that a policyholder will need to pay out of their own pocket before their insurance company will cover the costs of a claim. In the state of Florida, insurance companies must offer this type of policy as part of their standard coverage. A deductible waiver allows policyholders to avoid paying a large amount of money upfront if they need to file a claim. The amount of the waiver is usually based on the amount of coverage that the policyholder has purchased. A deductible waiver can be beneficial for policyholders who are on a tight budget or who may not have the resources to pay up front for the costs of their claim. It can help to minimize the amount of money that policyholders need to spend out of their own pocket before their insurance company steps in to cover the rest of the costs. This type of policy can also provide extra peace of mind for policyholders who are worried about their ability to pay for a claim in the event of an unexpected accident or disaster.

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What is an insurance deductible waiver?

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