The deductible is the sum of money that the policyholder agrees to pay towards each claim before benefits take effect. (rentersinsurance.net)
If you increase the amount your willing to pay towards a claim before your insurance company has to reimburse you, you'll be able to reduce your monthly renters insurance rates. (usinsuranceagents.com)
The carrier generally will pay whatever they need to pay to defend the suit, only amounts paid towards the claim, settlement, or judgment count towards your policy limits (HO - 4, Section II, Coverage E, Paragraph 2). (effectivecoverage.com)