What is an insurance deductible?

An insurance deductible is a fixed amount of money that you must pay out of pocket when you make a claim on an insurance policy. In Texas, the amount of the deductible will depend on the specific insurance policy that you have purchased. Generally, the higher the deductible amount, the lower the monthly premiums you will have to pay for the policy. However, it is important to remember that you must pay the deductible amount before your insurance coverage will kick in and begin to pay out. For example, if you have an auto insurance policy with a deductible of $500, you must pay the $500 before your insurance company will begin to reimburse you for any repairs that you have had to make to your car.

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What is an insurance deductible?

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