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The Mechanics and Economics of Insurance Deductibles What is a deductible… and how does it really affect your insurance costs? 💵 Whether it’s auto, health, or home insurance, deductibles play a huge role in how much you pay out-of-pocket — and how much you save (or lose) on premiums. In this video, we break down the mechanics and economics behind insurance deductibles, including: • What a deductible actually is • The difference between high vs low deductibles • How insurers use them to manage risk • When it’s smarter to choose a higher deductible — and when it’s not If you’ve ever been confused by how your deductible affects your coverage or your wallet, this explainer will make it crystal clear. 👉 Subscribe for more simple, animated breakdowns: https://bit.ly/3jISk5V 👍 Like this if it helped you finally understand deductibles! 💬 Drop your thoughts below — what kind of deductible do you prefer? ⚠️ Disclaimer: This video is for educational purposes only. Always consult with a licensed financial advisor before making major financial decisions. ⸻ 🔖 Relevant Hashtags: #InsuranceDeductibles #InsuranceExplained #DeductibleTips #FinancialLiteracy #InsurancePremiums #SmartMoney #PersonalFinance #HowInsuranceWorks