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Phone: 732-967-9110
Joseph M. Ghabour & Associates LLC

What is a deductible?

The amount that a policyholder (you) will have to pay before your insurance will pay the rest in an accident.

High deductible policies are less expensive because you’re assuming more financial risk.

Low deductible policies will mean higher monthly payments as a way of compensating because the insurance company is promising to pay a greater amount of money in the event of a claim.

Joseph M. Ghabour
Auto, Bus, Pedestrian, Motorcycle accident, medical malpractice and worker's compensation attorney.

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