Did you know what a deductible is and how it impacts your insurance coverage?🛡️💡

Did you know what a deductible is and how it impacts your insurance coverage? 🛡️💡

What is a Deductible? A deductible is the amount you pay out of pocket before your insurance coverage kicks in to cover a claim. It's a crucial part of your insurance policy and affects your premiums and claim payouts.

Why is it Important? Understanding your deductible helps you make informed decisions about your insurance. Here are a few key points:

• Lower Deductibles: Typically mean higher premiums but lower out-of-pocket costs when you file a claim.
• Higher Deductibles: Generally result in lower premiums but higher out-of-pocket costs in the event of a claim.
• Choosing the Right Deductible: Finding the right balance between your deductible and premium can help you manage your finances better.

Peace of Mind: Knowing how your deductible works ensures you’re prepared financially when you need to file a claim. It’s all part of future-proofing your life with Brightway Insurance. Contact your local Brightway agent today to review your policy and ensure you have the right coverage to meet your needs. 🌟