When you file an insurance claim, the deductible is the amount of money that you, as the policyholder, are responsible for paying. Once you’ve paid the deductible amount, your insurance provider will pay the remaining costs for all eligible claims. Increasing the amount of the deductible generally lowers the cost of your policy. Deductible terms and conditions vary depending on your travel insurance provider. Most allow deductibles to be applied to emergency medical care costs, while other providers may extend them to lost baggage or trip cancellation and interruption coverage. You may have a single deductible amount per policy, regardless of how many people are insured. Alternatively, each insured person may have their own deductible. To help provide coverage that’s right for you, CAA Travel Insurance offers a range of deductibles on most policies we issue.