Factors That May Affect Your Life Insurance Premium
• The amount of life insurance coverage you buy
• The type of life insurance policy you select
• Length of your policy
• Your age, health and life expectancy
WHAT IS AN INSURANCE DEDUCTIBLE?
An insurance deductible is the amount you pay out of pocket
before your insurance will help pay for a covered loss. Example,
if you carry a $500 deductible and have $10,000 in damages after
covers the remaining $9,500. (The amount of coverage you have
depends on the limits you choose.) Deductibles may be required
for certain parts of or types of insurance policies but not for others,
says the III.
Unlike health insurance, where you usually have to meet
a single deductible for an entire calendar year, deductibles for
other types of insurance policies generally apply each time you
make a claim, says the III.
In some cases, your insurance company may set deductibles
for particular policies. In other cases you may be able choose
your deductible. In general, the higher your deductible, the lower
your ongoing premium will be. For example, if you choose a
$1,000 deductible on your auto policy, you will likely pay less in
premiums than you would for a policy with a $250 deductible.
what deductibles may be in effect for your policies or to adjust
the amount of your deductible, if it’s allowed and appropriate
for your needs.
WHAT IS AN INSURANCE LIMIT?
An insurance limit is the maximum amount of money an insurance
company will pay you for a covered loss. You’ll typical-
mium may be. Limits often apply to different types of coverage
within a policy. For example:
You’ll likely want to consider a number of factors when
choosing your homeowners insurance coverage limits. These
may include the amount it may cost to rebuild your home at
current construction costs (dwelling coverage), the value of your
belongings (personal property coverage) and the amount of liability
coverage that may assist you in the event that you’re found
legally responsible for a guest’s injuries or damage to someone
Typical auto insurance policies include separate limits for
different types of coverage, such as liability, uninsured/underinsured
motorists and medical payments. Your state may require
III. Your insurance agent can help you make sure you’re meeting
any requirements or provide information to help you decide
whether higher coverage limits make sense for you.
Read your policy or contact your insurance agent to learn
7th Annual Holes for Hope Golf Tournament
Monday • October 07 • 8:30 AM
Sunrise Domestic Violence and Sexual Abuse Center in Pasco
County will hold it’s annual Holes for Hope Golf Tournament
at Lake Jovita Golf and Country Club, St. Leo, FL 33525
This is the 7th year, for one of Sunrise’s most
successful fundraisers, which helps fund the agency.
If you or your organization would like to be a sponsor, purchase a hole sign or sign up
a foursome, please contact Sunrise at 352-521-3358 or email@example.com.
•Business Start Up
NO Cable • NO Dish • NO Bills
Check your ZIP code @ www.dtvreceptionmaps
FLORIDA WOMEN MAGAZINE 813.682.9364 JULY 2019 • 27