Slash Costs with Florida's Best Deductible Buyback Insurance
How Does It Work?
When you purchase a deductible buyback policy, you pay an additional premium to reduce your deductible. For instance, if your standard policy has a $5,000 deductible, a buyback policy might allow you to lower it to $1,000. This means that in the event of a claim, you would only need to pay $1,000 out of pocket, with the buyback insurance covering the remaining $4,000. The cost of the buyback policy varies based on factors such as your property's location, the chosen deductible amount, and the insurer's terms.