Understand the Relationship Between Insurance Premiums and Deductibles
It’s no secret that insurance terminology can be confusing. You don’t need to know it all — that’s why you work with agents that have experience with the industry to help you find the right coverage — but it’s helpful if you understand at least a few key things.Two particularly important concepts are your premium and your deductible. Read on for the lowdown of what they are, how they affect each other, and how to pick the best ones for you.
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