Limits and Deductibles

Within certain constraints, you set Limits and Deductibles when deciding your coverage.

A Coverage Limit determines the most an insurance company will pay for a covered loss under a particular coverage. Some limits apply to each person, and others apply to each occurrence. Keep the different limits in mind as you make your coverage choices.

The Deductible is the amount of the loss you've agreed to pay out of your own pocket before an insurance company will pay for a covered loss.

Things to consider:

• The higher you set your coverage limit...the higher your rates, but the greater amount of protection you have.
• The higher you set your deductible...the lower your rates, but the more you'll have to pay out of your own pocket.