What Is a Deductible?
CAA Travel Insurance¹ now offers deductibles on most policies we issue. A deductible is a specified amount of money that you (the insured) agree to pay (in USD) should you have to make a claim due to something unexpected happening during your travels. Once you pay that amount, the travel insurance company will cover the remaining costs for all eligible claims.
You choose the amount of your deductible depending on what is convenient for you. By choosing to pay for a deductible, your travel insurance premium will be reduced. The amount of reduction depends on what level of deductible you select. A higher deductible means greater savings.