--- title: "Understanding Deductibles: What You Pay vs. What Your Insurance Covers" description: Learn the difference between what you pay out-of-pocket and what your insurance covers with our guide on understanding deductibles. --- [Skip to content](https://blog.concklin.com/video-library/understanding-deductibles-what-you-pay-vs.-what-your-insurance-covers#main-content) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) [**Contact Our Team**](https://insurance.concklin.com/compare-quotes#CLQuoteRequest) **[630-268-1600](tel:+16302681600)** **[Contact Our Team](https://insurance.concklin.com/compare-quotes#CLQuoteRequest)** **[630-268-1600](tel:+16302681600)** [![Concklin Logo-1](https://blog.concklin.com/hs-fs/hubfs/Concklin%20Logo-1.png?width=314&height=100&name=Concklin%20Logo-1.png)](https://insurance.concklin.com/) - 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[Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) --- Jan 15, 2025, 12:00:00 AM # Understanding Deductibles: What You Pay vs. What Your Insurance Covers ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/video-library/author/amanda-yaniz) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.concklin.com/video-library/understanding-deductibles-what-you-pay-vs.-what-your-insurance-covers) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.concklin.com/video-library/understanding-deductibles-what-you-pay-vs.-what-your-insurance-covers) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.concklin.com/video-library/understanding-deductibles-what-you-pay-vs.-what-your-insurance-covers) [envelope icon](mailto:?body=https://blog.concklin.com/video-library/understanding-deductibles-what-you-pay-vs.-what-your-insurance-covers)   [Homeowners](https://blog.concklin.com/video-library/tag/homeowners), [Auto Insurance](https://blog.concklin.com/video-library/tag/auto-insurance), [Personal Lines Insurance](https://blog.concklin.com/video-library/tag/personal-lines-insurance), [Business Insurance](https://blog.concklin.com/video-library/tag/business-insurance), [Insurance 101](https://blog.concklin.com/video-library/tag/insurance-101), [Video](https://blog.concklin.com/video-library/tag/video) ## Related posts [![](https://blog.concklin.com/hs-fs/hubfs/Is%20Your%20Business%20Protected%20from%20a%20PR%20Crisis%20What%20Insurance%20Really%20Covers.png?height=200&name=Is%20Your%20Business%20Protected%20from%20a%20PR%20Crisis%20What%20Insurance%20Really%20Covers.png)](https://blog.concklin.com/video-library/is-your-business-protected-from-a-pr-crisis-what-insurance-really-covers) [Business Insurance](https://blog.concklin.com/video-library/tag/business-insurance), [Cyber Liability](https://blog.concklin.com/video-library/tag/cyber-liability), [Insurance 101](https://blog.concklin.com/video-library/tag/insurance-101), [Video](https://blog.concklin.com/video-library/tag/video) ## [Is Your Business Protected from a PR Crisis? 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WESTMORE MEYERS ROAD, LOMBARD IL 60148 630-268-1600 | [CONCKLIN@CONCKLIN.COM](mailto:concklin@concklin.com) [Privacy Policy](https://insurance.concklin.com/privacy-policy) Copyright © 2026, Concklin Insurance Agency ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Amanda Yaniz", "url" : "https://blog.concklin.com/video-library/author/amanda-yaniz" }, "dateModified" : "2025-12-03T20:36:44.699Z", "datePublished" : "2025-01-15T06:00:00.000Z", "headline" : "Understanding Deductibles: What You Pay vs. What Your Insurance Covers", "mainEntityOfPage" : { "@id" : "https://blog.concklin.com/video-library/understanding-deductibles-what-you-pay-vs.-what-your-insurance-covers", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.concklin.com/hubfs/Concklin%20Logo.png" }, "name" : "Concklin Insurance Agency" } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.concklin.com/#website", "@type" : "WebSite", "alternateName" : "Concklin Blog", "description" : "Insurance articles, risk management guidance, business insurance resources, personal insurance tips, cyber liability information, restaurant insurance insights, franchise insurance guidance, and coverage education from Concklin Insurance Agency.", "inLanguage" : "en-US", "name" : "Concklin Insurance Agency Blog", "publisher" : { "@id" : "https://insurance.concklin.com/#organization" }, "url" : "https://blog.concklin.com/" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://blog.concklin.com/#blog", "@type" : "Blog", "description" : "Articles and resources from Concklin Insurance Agency covering business insurance, personal insurance, restaurant insurance, franchise insurance, cyber liability, claims, coverage questions, and risk management.", "inLanguage" : "en-US", "isPartOf" : { "@id" : "https://blog.concklin.com/#website" }, "name" : "Concklin Insurance Agency Blog", "publisher" : { "@id" : "https://insurance.concklin.com/#organization" }, "url" : "https://blog.concklin.com/" } ``` ```json { "@context" : "https://schema.org", "@type" : "VideoObject", "contentUrl" : "https://youtu.be/hum4gl4m9ck", "description" : "Confused about how insurance deductibles work? This quick explainer video from Concklin Insurance Agency breaks it down so you can make informed decisions about your auto, home, or business insurance. Learn what a deductible is, how it impacts your premiums, and how it applies across different claim types—including special cases like named storm losses.", "duration" : "PT1M56S", "embedUrl" : "https://youtu.be/hum4gl4m9ck", "name" : "Understanding Deductibles: What You Pay vs. What Your Insurance Covers", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://6833004.fs1.hubspotusercontent-na1.net/hubfs/6833004/Concklin%20Logo%202025.png" }, "name" : "Concklin Insurance Agency" }, "thumbnailUrl" : "https://i.ytimg.com/vi/hum4gl4m9ck/hqdefault.jpg", "transcript" : "Ever wondered how deductibles work? Let’s break it down into simple terms so you can make confident insurance decisions for yourself or your business. A deductible is the amount you agree to pay out-of-pocket before your insurance steps in to cover the rest. Think of it as your share of the responsibility when an unexpected event occurs. Say your car gets a cracked windshield. If your deductible is $500 and the repair costs $800, you pay the first $500, and your insurance takes care of the remaining $300. Now let’s look at a business example. A storm damages your store or restaurant, causing $10,000 in repairs. With a $1,000 deductible, you cover the first $1,000, and your insurance company covers the rest—$9,000. Here’s the trade-off: Higher deductibles usually mean lower premiums, which can save you money upfront. Lower deductibles mean higher premiums but reduce what you pay out-of-pocket when filing a claim. A common question we often hear is: Do you have to pay the deductible for every claim? The short answer is yes—typically, you pay the deductible for each claim you file. So, if you have two separate incidents in the same policy period, like a storm and then a theft, you’ll pay the deductible twice. Also, keep in mind that some types of claims, like named storm losses, might have separate, higher deductibles than your standard property policies. It’s important to understand these specifics when reviewing your policy. Whether it’s a personal or business policy, we help you find the right deductible that balances your budget and your risk. Because the goal is to keep you protected without surprises. Have more questions? Reach out to us anytime—we’re here to help you make sense of your coverage!", "uploadDate" : "2025-01-10T13:38:00-06:00", "url" : "https://blog.concklin.com/video-library/understanding-deductibles-what-you-pay-vs.-what-your-insurance-covers" } ```