What is the deductible for homeowners insurance?

The deductible for homeowners insurance with 21st Century can vary depending on the policy you choose. A deductible refers to the amount you are responsible for paying out of pocket before your insurance coverage kicks in. Common deductible options range from $500 to $2,500. Selecting a higher deductible usually results in lower premium payments while a lower deductible typically leads to higher premiums. It is important to consider your financial situation and potential risks when choosing a deductible. Review your policy details or consult with a 21st Century representative to determine the deductible that best suits your needs.