5 Ways Your Deductible Could Cost You More Than You Think

The word “deductible” (also known as what you pay before insurance helps) can be confusing. But it’s one of the most important parts of your plan. Here’s why:

1. In Texas, some storm deductibles are a percentage, not a flat amount. A 2% deductible on a $400,000 home means $8,000 out of your pocket.

2. Some homes have different deductibles for different problems—one for fire, another for hail.

3. Some car loans or leases only allow a certain deductible. If yours is too high, you could break your agreement.

4. Filing small claims again and again can raise your rates.

5. As prices go up, your deductible might be a lot more than it used to be.

Pick a deductible you can actually afford today and review it every year.

Call (214) 870-4269 for a quick deductible check-up.