Insurance Roster
Deductibles

How Insurance Deductibles Work

A deductible is your share of a covered loss before the insurer pays. Understand when it applies, how it resets, and why it changes your risk as claims land.

23 July 2026 · 5 min read

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Coverage

Replacement Cost vs. Actual Cash Value

Replacement cost pays for a new equivalent item; actual cash value pays the same loss after depreciation, which changes the size of the claim check on file.