{"id":3658,"date":"2022-10-30T05:19:21","date_gmt":"2022-10-30T05:19:21","guid":{"rendered":"https:\/\/fictionpad.com\/blog\/?p=3658"},"modified":"2022-11-15T11:40:20","modified_gmt":"2022-11-15T11:40:20","slug":"everything-you-need-to-know-about-deductible-insurance","status":"publish","type":"post","link":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/","title":{"rendered":"Everything You Need To Know About Deductible Insurance"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A deductible is one of the powerful elements of insurance. But it&#8217;s also one of the most misunderstood concepts. Canadian law makes it mandatory for all vehicle owners to have third-party liability insurance. However, it is always advisable to have additional coverage for your own safety as well.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here is where trusted insurance brokers like Surex come into the picture. They can help you choose the best policy based on your requirements. Visit <a href=\"https:\/\/www.surex.com\/Insurance\/auto-car\/ontario\">https:\/\/www.surex.com\/Insurance\/auto-car\/ontario<\/a>\u00a0<\/span><span style=\"font-weight: 400;\"> for more information.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e36d03cba30\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e36d03cba30\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#Deductible_insurance_meaning\" >Deductible insurance meaning\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#When_and_how_is_the_value_of_deductible_insurance_determined\" >When and how is the value of deductible insurance determined?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#Types_of_auto_insurance_deductibles\" >Types of auto insurance deductibles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#Under_what_conditions_a_deductible_applies\" >Under what conditions a deductible applies?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#How_to_choose_your_insurance_deductible_amount\" >How to choose your insurance deductible amount<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#Impact_of_deductible_amount_on_the_cars_insurance_premium\" >Impact of deductible amount on the car&#8217;s insurance premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#Deductible_meaning_in_insurance_101_%E2%80%94_Endnote\" >Deductible meaning in insurance 101 \u2014 Endnote\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Deductible_insurance_meaning\"><\/span><span style=\"font-weight: 400;\">Deductible insurance meaning\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The meaning of deductible in insurance is the amount that the policyholder is responsible for covering towards an insured loss. The insurance company calculates the amount depending on the amount set when signing up for the insurance. This amount is deducted by the company from the claim amount.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, the deductible impacts the amount of vehicle insurance claims depending on the value chosen when signing up for the policy. It may also reduce the insurance premium of your car.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The deduction&#8217;s value depends on the risk percentage predefined between insurers and policyholders. It can be either a specific percentage or monetary value. All this info is mentioned in the policies.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"When_and_how_is_the_value_of_deductible_insurance_determined\"><\/span><span style=\"font-weight: 400;\">When and how is the value of deductible insurance determined?\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.investopedia.com\/ask\/answers\/071515\/why-do-insurance-policies-have-deductibles.asp#:~:text=Insurance%20companies%20use%20deductibles%20to,at%20once%20for%20an%20insurer.\"><span style=\"font-weight: 400;\">deductible<\/span><\/a><span style=\"font-weight: 400;\"> is an amount the individual pays out of their pocket if they file a claim and are either found partially or fully at fault. Deductible value helps cover the damage cost of the vehicle that has met an accident. Let&#8217;s understand this better with the help of an example.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let&#8217;s say the value of your deductible is $500. If you get either a fully or partially at-fault collision and the repair cost of your vehicle is around $1000. In this case, you&#8217;ll have to bear $500, and the insurance company bears the rest.\u00a0<\/span><\/p>\n<p><b>Exceptions <\/b><span style=\"font-weight: 400;\">&#8211; If the individual isn&#8217;t entirely at fault for the car damage or collision, there are good chances they&#8217;ll be saved from bearing a deductible. The insurance company covers the entire costs associated with the claim.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_auto_insurance_deductibles\"><\/span><span style=\"font-weight: 400;\">Types of auto insurance deductibles<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The two major types of insurance deductibles for cars are partial and full deductibles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A collision deductible is applied to collision insurance which covers accidental damage caused to the car. The amount paid by the insurance holder depends on whether they are responsible for the accident &#8211;\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partial amount \u2013 If you are partially responsible for the damage, you&#8217;ll bear half the deductible.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Full amount \u2013 The party would bear the full amount of the deductible if they were fully responsible for the accident or damage.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Under_what_conditions_a_deductible_applies\"><\/span><span style=\"font-weight: 400;\">Under what conditions a deductible applies?\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Deductible applies to the car in case of either comprehensive or collision coverage. The liability coverage protects the individual if they injure a person with their vehicle. However, a deductible isn&#8217;t applicable if the injured person sues them. If the person carries both comprehensive and collision coverage, they must choose amounts for deductible coverage. The deductible amounts can be similar or different.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_choose_your_insurance_deductible_amount\"><\/span><span style=\"font-weight: 400;\">How to choose your insurance deductible amount<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Choosing the deductible amount is one of the major financial decisions. It lays a significant impact on the policy amount that you have to pay. It is important to consider the following points when deciding the amount of your policy&#8217;s deductible &#8211;\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Location \u2013 <\/b><span style=\"font-weight: 400;\">It lays a huge<\/span><span style=\"font-weight: 400;\"> impact on a deductible&#8217;s cost. Individuals residing in regions with a <\/span><a href=\"https:\/\/tc.canada.ca\/en\/road-transportation\/statistics-data\/canadian-motor-vehicle-traffic-collision-statistics-2020\"><span style=\"font-weight: 400;\">high number of accidents<\/span><\/a><span style=\"font-weight: 400;\"> or higher traffic volume can reap the benefits of a lower deductible as the chances of encountering an accident are high.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Affordability or financial condition \u2013 <\/b><span style=\"font-weight: 400;\">You need to consider your budget to determine the deductible amount you can afford. Take the deductible risk only if you can afford to bear the &#8220;loss&#8221;.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Frequency of accidents or claims \u2013 <\/b><span style=\"font-weight: 400;\">Individuals who submit many claims or get into accidents frequently can sign up for a low deductible amount. It saves them from paying out the amount every so often.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Impact_of_deductible_amount_on_the_cars_insurance_premium\"><\/span><span style=\"font-weight: 400;\">Impact of deductible amount on the car&#8217;s insurance premium<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now that you know about the<\/span> <span style=\"font-weight: 400;\">deductible insurance meaning<\/span> <span style=\"font-weight: 400;\">and how to find the right amount, the next thing you must understand is the impact of the deductible on the vehicle&#8217;s insurance premium.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A high amount of deductible means low car insurance premiums.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You could reduce the amount of your car&#8217;s insurance premium by choosing a high deductible when signing up for the insurance policy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But when it comes to deductibles, it&#8217;s important to consider what you can easily handle \u2013 collision or comprehensive deductible. Is $1000 doable? Or can you only afford $500 out of your savings?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When comparing the rates for car insurance, check the deductible amount and how much it impacts your insurance premium quotes. If you choose collision deductible, the financial burden will lie on your shoulders. So before signing the document, make sure to determine your affordability. If you have a tight budget or your driving skills are weak\/rash, sign up for a low deductible amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Increasing insurance deductibles helps in saving money on the policy. It depends on the specific policy and circumstances. If you increase the amount of your deductible, you&#8217;ll be responsible for paying the potential claim.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, chances are you may end up spending more on the claim rolls. A high deductible can have a negative impact if the claim amount is low.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Deductible_meaning_in_insurance_101_%E2%80%94_Endnote\"><\/span><span style=\"font-weight: 400;\">Deductible meaning in insurance 101 \u2014 Endnote\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So this was all about<\/span> <span style=\"font-weight: 400;\">deductible insurance meaning and its impact on your insurance premium. A deductible is one of the important elements of car insurance plans. Hence, it should be planned carefully considering your affordability. The insurance agency is liable for paying only that claim amount exceeding the deductible.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the major points of a deductible is that it is to be paid only when the insurance policyholder files a claim which includes a deductible. The insurance company outlines the deductible amount you must pay fully or partially at-fault vehicle vandalism, theft, or accident. On the safe side, avoid filing for the claims frequently and drive cautiously. It will save you from the financial fix whenever you file a claim.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A deductible is one of the powerful elements of insurance. But it&#8217;s also one of the most misunderstood concepts. Canadian law makes it mandatory for &hellip; <\/p>\n","protected":false},"author":17,"featured_media":3659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[653],"tags":[],"class_list":["post-3658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Everything You Need To Know About Deductible Insurance - Fiction Pad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everything You Need To Know About Deductible Insurance - Fiction Pad\" \/>\n<meta property=\"og:description\" content=\"A deductible is one of the powerful elements of insurance. But it&#8217;s also one of the most misunderstood concepts. Canadian law makes it mandatory for &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Fiction Pad\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-30T05:19:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-15T11:40:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2022\/10\/insu.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"690\" \/>\n\t<meta property=\"og:image:height\" content=\"425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"author\" content=\"samanvya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"samanvya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/\"},\"author\":{\"name\":\"samanvya\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#\\\/schema\\\/person\\\/14368fed5d6ccc940f4542d9dd78875d\"},\"headline\":\"Everything You Need To Know About Deductible Insurance\",\"datePublished\":\"2022-10-30T05:19:21+00:00\",\"dateModified\":\"2022-11-15T11:40:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/\"},\"wordCount\":1029,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/insu.gif\",\"articleSection\":[\"Insurance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/\",\"url\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/\",\"name\":\"Everything You Need To Know About Deductible Insurance - Fiction Pad\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/insu.gif\",\"datePublished\":\"2022-10-30T05:19:21+00:00\",\"dateModified\":\"2022-11-15T11:40:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/#primaryimage\",\"url\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/insu.gif\",\"contentUrl\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/insu.gif\",\"width\":690,\"height\":425},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/everything-you-need-to-know-about-deductible-insurance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Everything You Need To Know About Deductible Insurance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/\",\"name\":\"Fiction Pad\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#organization\",\"name\":\"Fiction Pad\",\"url\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/unnamed.png\",\"contentUrl\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/unnamed.png\",\"width\":150,\"height\":69,\"caption\":\"Fiction Pad\"},\"image\":{\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/#\\\/schema\\\/person\\\/14368fed5d6ccc940f4542d9dd78875d\",\"name\":\"samanvya\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/litespeed\\\/avatar\\\/bae4b5ec9bd3ed6c39f9302c782fc411.jpg?ver=1776171586\",\"url\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/litespeed\\\/avatar\\\/bae4b5ec9bd3ed6c39f9302c782fc411.jpg?ver=1776171586\",\"contentUrl\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/wp-content\\\/litespeed\\\/avatar\\\/bae4b5ec9bd3ed6c39f9302c782fc411.jpg?ver=1776171586\",\"caption\":\"samanvya\"},\"url\":\"https:\\\/\\\/fictionpad.com\\\/blog\\\/author\\\/samanvya\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Everything You Need To Know About Deductible Insurance - Fiction Pad","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/","og_locale":"en_US","og_type":"article","og_title":"Everything You Need To Know About Deductible Insurance - Fiction Pad","og_description":"A deductible is one of the powerful elements of insurance. But it&#8217;s also one of the most misunderstood concepts. Canadian law makes it mandatory for &hellip;","og_url":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/","og_site_name":"Fiction Pad","article_published_time":"2022-10-30T05:19:21+00:00","article_modified_time":"2022-11-15T11:40:20+00:00","og_image":[{"width":690,"height":425,"url":"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2022\/10\/insu.gif","type":"image\/gif"}],"author":"samanvya","twitter_card":"summary_large_image","twitter_misc":{"Written by":"samanvya","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#article","isPartOf":{"@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/"},"author":{"name":"samanvya","@id":"https:\/\/fictionpad.com\/blog\/#\/schema\/person\/14368fed5d6ccc940f4542d9dd78875d"},"headline":"Everything You Need To Know About Deductible Insurance","datePublished":"2022-10-30T05:19:21+00:00","dateModified":"2022-11-15T11:40:20+00:00","mainEntityOfPage":{"@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/"},"wordCount":1029,"commentCount":0,"publisher":{"@id":"https:\/\/fictionpad.com\/blog\/#organization"},"image":{"@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2022\/10\/insu.gif","articleSection":["Insurance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/","url":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/","name":"Everything You Need To Know About Deductible Insurance - Fiction Pad","isPartOf":{"@id":"https:\/\/fictionpad.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#primaryimage"},"image":{"@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2022\/10\/insu.gif","datePublished":"2022-10-30T05:19:21+00:00","dateModified":"2022-11-15T11:40:20+00:00","breadcrumb":{"@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#primaryimage","url":"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2022\/10\/insu.gif","contentUrl":"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2022\/10\/insu.gif","width":690,"height":425},{"@type":"BreadcrumbList","@id":"https:\/\/fictionpad.com\/blog\/everything-you-need-to-know-about-deductible-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fictionpad.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Everything You Need To Know About Deductible Insurance"}]},{"@type":"WebSite","@id":"https:\/\/fictionpad.com\/blog\/#website","url":"https:\/\/fictionpad.com\/blog\/","name":"Fiction Pad","description":"","publisher":{"@id":"https:\/\/fictionpad.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fictionpad.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fictionpad.com\/blog\/#organization","name":"Fiction Pad","url":"https:\/\/fictionpad.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fictionpad.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2025\/08\/unnamed.png","contentUrl":"https:\/\/fictionpad.com\/blog\/wp-content\/uploads\/2025\/08\/unnamed.png","width":150,"height":69,"caption":"Fiction Pad"},"image":{"@id":"https:\/\/fictionpad.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fictionpad.com\/blog\/#\/schema\/person\/14368fed5d6ccc940f4542d9dd78875d","name":"samanvya","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fictionpad.com\/blog\/wp-content\/litespeed\/avatar\/bae4b5ec9bd3ed6c39f9302c782fc411.jpg?ver=1776171586","url":"https:\/\/fictionpad.com\/blog\/wp-content\/litespeed\/avatar\/bae4b5ec9bd3ed6c39f9302c782fc411.jpg?ver=1776171586","contentUrl":"https:\/\/fictionpad.com\/blog\/wp-content\/litespeed\/avatar\/bae4b5ec9bd3ed6c39f9302c782fc411.jpg?ver=1776171586","caption":"samanvya"},"url":"https:\/\/fictionpad.com\/blog\/author\/samanvya\/"}]}},"_links":{"self":[{"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/posts\/3658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/comments?post=3658"}],"version-history":[{"count":0,"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/posts\/3658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/media\/3659"}],"wp:attachment":[{"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/media?parent=3658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/categories?post=3658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fictionpad.com\/blog\/wp-json\/wp\/v2\/tags?post=3658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}