PRACTICAL GUIDE
How a deductible changes your actual costs
A lower premium with a higher deductible can be good or bad depending on the loss scenario.
Step by step
- Write down the annual premium.
- Write down the deductible per claim.
- Compare a no-claim scenario with one claim.
- Check whether specific risks have separate deductibles.
- Do not assume one deductible applies to every risk.
How to use this guide
This checklist helps you review your own documents. It does not assume that any product is better or that a particular event is covered.
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