Posted on 5/24/2012 10:00 AM By Florida Peninsula Insurance Company
Protect your home and property with Flood Insurance
Posted on 1/6/2012 11:05 AM By Florida Peninsula Insurance Company
When it comes to insurance policies, it’s important to understand how an insurance deductible works. A deductible is the amount deducted from an insured loss.
A deductible can either be a specific dollar amount or a percentage. Typically, the larger the deductible, the less a consumer pays in their premiums.
For example, if you have a $500 deductible, you would pay this amount and the insurance would cover anything above the $500. So if your insurance company determined you have an insured loss of $10,000, you would receive a claims check for $9,500.
Percentage deductibles are calculated based on your home’s insured value. So if your house is insured for $100,000 and you have a 2 percent deductible, $2,000 would be deducted from a claim. If the insurance company deemed your loss $10,000, you would receive $8,000.
Speak with an agent today and discuss the best deductible for your home. For more important information about insurance deductibles, click here.
At Florida Peninsula In ...
Posted on 11/21/2011 4:03 AM By Florida Peninsula Insurance Company
Homeowner's insurance is nothing to breeze through. Florida Peninsula Insurance Company offers tips on how to make the most of your insurance coverage.