Insurance for Small Businesses: Essential Coverage Every Owner Needs Regardless of which type of deductible you choose, it’s important to remember that the deductible will not be prorated if you switch to a new policy mid-year. In most cases, the deductible must be met in full for the entire calendar year before you receive post-deductible benefits. The insurance deductible is an essential part of any insurance policy. It provides a financial incentive for policyholders and helps deter fraud. Without it, insurance premiums would be much higher than they are today. By understanding how deductibles work, you can make informed decisions about your coverage and select the best options for your budget. For more information, contact your local insurance agent. https://insuracarelife.com/commercial-property-insurance/ https://insuracarelife.com/atv-off-road-vehicle-insurance/ https://insuracarelife.com/workers-compensation-insurance/ https://insuracarelife.com/mobile-home-manufactured-home-insurance/