Curtin Insurance Agency Blog

Every homeowner in Connecticut should consider taking out the best home insurance in CT they can find. This is not only to protect them financially against any loss or damage to personal property, but also to bring the peace of mind in knowing that they have some compensation as a base with which to start rebuilding their lives. However, two questions that keep arising from those shopping around for a homeowners’ insurance policy are: what are deductibles, and how do they work?

A deductible is the amount of money that the policy-holder pays before the insurance is paid out. The amount can depend on the type of insurance purchased, as well as the arrangements made with the insurance provider. Deductibles are common across a whole range of insurances, but in relation to homeowners’ insurance, a deductible may work in the following way. Should you incur a loss worth $10,000, and your deductible is set at $500, you will receive a payout of $9,500.

Generally, the higher the deductible, the lower the premium you pay. This means that altering the deductible can help you make the premium payments lower. For more information about how deductibles work, and details on home insurance in CT in general, don't hesitate to contact one of our agents to arrange an appointment.

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