What Is a Deductible?
A deductible is the portion of a claim the insured individual is responsible for paying before an insurance company covers all remaining costs. Once the deductible is met, the insured will pay nothing.
According to the Insurance Information Institute, “A deductible is the amount of money you pay out of pocket before your insurance coverage kicks in.” For example, if you have a health insurance policy with a $1,000 deductible, you must pay $1,000 toward covered medical expenses before your insurance begins to pay for any remaining costs. Deductibles can vary widely based on the type of insurance policy and the terms agreed upon by the insurer and policyholder.
Deductibles are typical in many insurance policies, including health, auto, and home insurance. The primary purpose of a deductible is to share the risk between the insurer and the insured. By requiring the insured to pay a portion of the costs, insurance companies encourage policyholders to avoid making small or unnecessary claims in an attempt to lower overall insurance costs.
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Can I Sue My Neighbor for an Injury on Their Property?
When you’ve been injured on a neighbor’s property, you might feel confused, upset, and unsure about what to do next.
You may wonder about your options if you’ve suffered an injury while visiting next door. The short answer is yes, you can sue your neighbor for an injury on their property, but there’s more to consider before taking that step.
When an injury occurs on a neighbor’s property, the question of legal recourse often arises. The ability to sue a neighbor for such an injury depends on several factors and involves understanding premises liability law. Call a premises liability lawyer at Munley Law for a free consultation to review your legal options.
Why You Might Sue Your Neighbor for an Injury on Their Property
While suing a neighbor can be a difficult decision, there are several legitimate reasons why you might need to take this step if you’re injured on their property:
- Medical Expenses: If you’ve incurred significant medical bills due to the injury, […]
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Pennsylvania Car Insurance Requirements
If you suffer a car crash in Pennsylvania, the right car insurance can make all the difference
Follow these tips from the nation’s leading car and truck accident lawyers
In truth, nobody wants to think that they will ever crash their car. We all think it can’t happen to us. However, the Centers for Disease Control & Prevention (CDC) reports that there are 6 million motor-vehicle accidents in the United States every year. Of that 6 million crashes, 3 million Americans suffer serious injuries. Over 36,000 drivers and passengers die each year. Pennsylvania drivers must carry car insurance by law. However, choosing the right auto insurance is a whole separate matter. In the event of a catastrophic automotive crash, the right auto insurance can make all of the difference. To help you choose the type fo car insurance that is right for you, […]
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