Policy Terms

Deductible

The amount you must pay out-of-pocket before your insurance coverage begins to pay for a covered loss.

Your deductible is subtracted from claim payments. If you have a $10,000 claim and $1,000 deductible, you pay $1,000 and insurance pays $9,000.

The amount you pay for your insurance policy, typically paid monthly, quarterly, or annually.

The maximum amount an insurance company will pay for a covered loss under your policy.

Our network of specialists can help you understand your coverage options and find the right protection for your high-risk property.