Published April 22, 2015
The deductible is the amount that you're responsible for, before your insurance coverage applies. It's deducted right off the top, before the insurance company pays on a claim. You're probably familiar with deductibles from other types of insurance (health insurance, car insurance, etc.). A pet insurance policy will have one of two types of deductibles:
Get essential money news & money moves with the Easy Money newsletter.
Free in your inbox each Friday.