AboutFree Coverage Review

← All Insurance Questions

General

What is a deductible?

A deductible is the amount you pay out of pocket on a covered claim before your insurance company pays the rest. Higher deductibles lower your premium; lower deductibles raise it. For example, with a $1,000 deductible on a $7,500 hailstorm claim, your insurer pays $6,500 and you pay $1,000. The right deductible depends on your savings cushion and how much premium savings you want.

Have a question we did not answer?

We respond within 1 business day. No obligation.

Free Coverage Review

Olive Cover

Independent insurance for families, homeowners, and businesses. We work for you, not one insurance company.

(678) 888-1011 · 888-OLIVE10 hello@olivecover.com

6470 East Johns Crossing, Suite 160,
Johns Creek, GA 30097 · office visits by appointment only

Mon-Fri 9am-6pm ET · phone, video, or email

Personal Lines

Homeowners Insurance Auto Insurance Home + Auto Bundle Renters Insurance Flood Insurance Landlord Insurance Umbrella Insurance

Commercial Lines

Business Owners Policy General Liability Professional Liability Commercial Auto Workers Compensation

Company

About Olive Cover Our Carriers FAQ Claims Insights Where We Do Business Contact Insurance Terms

Olive Insurance Services, LLC dba Olive Cover. Licensed Georgia P&C Insurance Agency. Agency NPN: 22116940 | NPN: 2790083. 6470 East Johns Crossing, Suite 160, Johns Creek, GA 30097. Olive Cover is a brand of Olive Insurance Services, LLC, a subsidiary of Olive Financial Services, Inc. © 2026 Olive Insurance Services, LLC. All rights reserved.

Privacy Policy Terms of Service Licensing