What does a $10000 deductible mean?
What does a $10000 deductible mean? For example, if you have a $10,000 deductible, you might have a very cheap premium, but you'll only be able to make a claim on damage in excess of $10,000. In this case, if your leaky roof costs $3,000 to repair, your high deductible would require you to pay the entire bill.
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