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  • Atruhor photo Nicholas Springer
    Nicholas Springer in Insurance | 160 Reads
  • 03/06/2023

What is a Deductible

https://www.irmi.com/term/insurance-definitions/deductible

Two five dollar Bills
Two five dollar Bills

Choosing the right deductible can make a great policy even better!

Nicholas Springer

Deductible DED

The deductible is the amount the insurer will deduct from the loss before paying up to its policy limits.

Additional Information


Most property insurance policies contain a per-occurrence deductible provision that stipulates that the deductible amount specified in the policy declarations will be subtracted from each covered loss in determining the amount of the insured's loss recovery. Usually, the amount of the deductible is not subtracted from policy limits.

Deductible Definition
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Nicholas Springer
President

Nick Springer, current President and CEO started with the Agency in 1991 handling office tasks such as taking out the trash, filing, and licking hundreds of envelopes at the ripe old age of 10. He came back to the Agency in 2000 after school. Nick has spent his career handling all aspects of insurance from Auto and Home to Yachts. When Reta retired in 2018, Nick and his wife Shannon took over as the second-generation owners.

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