Sentences with phrase «default deductible level»

On many policies the default deductible level is $ 250, but you can raise it to save quite a bit off the annual fee.

Not exact matches

• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 % of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 % of the value of homes, compared with 55 % in the U.S.

You might wish to carry more than the default level of liability protection, for example, or maybe you want to keep the limits the same but have to raise your deductibles to save on the premium.

Of particular value are provider websites themselves, which can go into detail on the specifics of their plans, like the default levels of coverage and deductibles, as well as any relevant information on how to increase your coverage.

M any times insurance companies set default deductibles at very low levels for their customers.

$ 250 is a very typical default level deductible, but you can increase it as needed to make your premium more manageable.