What Is A Deductible In Renters Insurance? 
That is a great question ! In the insurance world , the part that you have to pay to help limit expenses for the company is called a deductible . It has kind of a dual purpose - it lets you have some `` skin in the game '' , almost like a deterrent to being careless - if you know that you have to pay up front first . The second part is to help lower the cost of the policy , by sharing the costs . Thanks for asking ! 