Your deductible affects how much your home insurance costs. Here’s what you need to know to pick the right deductible.

Your deductible is the amount you pay in a home insurance claim before your insurer covers the remainder, up to your policy limits. The deductible you choose has a direct impact on your premium, so it’s important to make an educated choice. Knowing how a deductible works helps keep as much money in your pocket as possible.