answersLogoWhite

0

You pay a deductible only when you file a claim to collect on your insurance policy. Like if your home catches fire and you file a claim to collect the money to repair or replace the home, you pay the $500 deductible or whatever your deductible is. If you have more than one claim in a year, you probably will pay deductibles for each occurrence and also depending on the insurance company, you will probably be dropped from coverage--most companies will not tolerate multiple claims.

User Avatar

Wiki User

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

TaigaTaiga
Every great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor

Add your answer:

Earn +20 pts
Q: How many times do you have to pay homeowners deductible in a year?
Write your answer...
Submit
Still have questions?
magnify glass
imp