A higher deductible reduces the amount of coverage provided by homeowner's insurance, and therefore results in a lower insurance premium.

Name: A higher deductible reduces the amount of coverage provided by homeowner's insurance, and therefore results in a lower insurance premium.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A higher deductible means the policyholder agrees to pay more out-of-pocket costs in the event of a claim, which reduces the risk for the insurer and typically results in a lower premium.

A Higher Deductible Reduces the Amount of Coverage Provided by Homeowner's