Scenario: I pay X amount of dollars per month for car insurance. I have all 4 tires stolen from my vehicle overnight. I submit a claim with my insurance company to repair any damages. I now pay a **hefty** X amount of dollars for the event that has occurred.
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Insurance is a transfer of risk. Deductible is your share of the risk. You accept more risk (higher deductible) you pay less premium. If you accept less risk (lower deductible) you pay more premium.
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