[cammykaze1920]

Hi there,

Your thread caught my eye since I live in NJ. I also have experience w/i the Insurance industry. Let me preface my comment by saying, NJ has one of, if not the highest insurance premiums within the US.

Ok, a deductible is the amount you (or your sorority) would have to pay before any amount is covered by the insurance co. For example, let's say my auto insurance has a $500 deductible. If I get into an accident with Mr Jones and my car estimate is $7000, I would have to pay $500 out of my own pocket before that $6500 remaining is covered by the insurance co.

This is the general trend:

The higher the premium you pay, the lower the deductible.
The lower the premium you pay, the higher the deductible.

I hope this helps,

Let me know if you have any questions at all..

-Cammy