Coverage & Limits
A deductible is the amount of a covered claim that is your responsibility. And a policy limit (or “limit of liability”) is the maximum amount your insurance company will pay for a covered claim.
Some homeowners opt for higher deductibles in favor of a lower premium. But if the unexpected happens, you need to make sure the amount you choose as a deductible is one you can afford to pay out of pocket.
One of our insurance agents can help you balance your individual needs.