Don’t Overlook Deductible Changes on Your Insurance Policy

Insurance carriers are increasingly making changes to deductibles on both new and renewal policies. While these adjustments are disclosed, they’re often not highlighted and can be easy to overlook. We encourage clients to carefully review their deductibles to avoid surprises at claim time.

Why Deductibles Matter

Your deductible is the amount you pay out of pocket before your insurance coverage kicks in. Even a small increase can make a big difference at claim time. For example, if your deductible increases from $500 to $1,000, that’s an extra $500 you’ll need to cover before insurance steps in.

What’s Happening Now

In today’s market, carriers are routinely increasing deductibles as part of their cost-control measures. While this helps them manage risk, it can catch policyholders off guard when a claim occurs.

How to Protect Yourself

• Review your policy carefully: Don’t skip over the deductible section.
• Compare new and renewal documents: Changes are often subtle, but important.
• Ask questions: If something doesn’t look right, contact your agent.
• Plan ahead: Make sure your deductible amount is one you’re comfortable paying in the event of a loss.

We’re Here to Help

At SeibertKeck Insurance Partners, we understand how confusing policy documents can be. Our team reviews coverage daily, and we’re here to walk you through your deductibles, explain any changes, and make sure you’re not caught off guard.

Don’t wait until claim time to discover an unwelcome surprise. Reach out to us today to review your coverage and ensure you’re informed and protected.