When Do You Pay the Deductible for Homeowners Insurance?
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Updated: March 15, 2024
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When you file a claim for damage or loss covered under your homeowners insurance policy, you need to pay the deductible amount before the insurance company pays for the remaining costs of the claim.
Updated: March 15, 2024
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About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.