Most of us have heard the phrase "the truth will set you free"
in this case learning about how insurance deductibles work "the truth will make you mad"!
An insurance deductible is a specific amount you must spend each year (or per occurrence) before your insurance policy starts to pay some or all of the costs. Insurance companies use deductibles to ensure policyholders have "skin in the game" and will share the cost of any claims. To Help you better understand how insurance and deductibles work against you watch the video where the guy plays "gov" (the government).
