Property insurance can be made less expensive by the use of a deductible.

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Property insurance can be made less expensive by the use of a deductible, which is an amount of any loss that is to be paid by the insured. The deductible can be a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid. The bigger the deductible, the lower is the premium charged for the same coverage.

Property Insurance Can Be Made Less Expensive by the Use