How Insurance Deductibles Work and When to Raise Yours

Lucas and Luna break down how insurance deductibles actually work, from auto to health to home. Lucas shares a specific case: a listener who saved $600 a year by raising their auto deductible from $500 to $1,000, but got caught short when a hailstorm hit. They walk through the math of when raising your deductible makes sense, how emergency funds factor in, and what the 'deductible gap' means for your wallet. Luna challenges the conventional wisdom of always choosing the lowest deductible, and they explore how co-insurance clauses interact with deductibles on homeowners policies. By the end, you'll know how to calculate your own break-even point and whether you should adjust your coverage. #InsuranceDeductibles #AutoInsurance #HomeownersInsurance #HealthInsurance #DeductibleGap #EmergencyFund #RiskManagement #InsuranceTips #PersonalFinance #CoverageStrategy #Coinsurance #FinancialPlanning #InsuranceEducation #LucasAndLuna #InsuranceConversations #FexingoBusiness #BusinessPodcast #FinancePodcast Keep every episode free: buymeacoffee.com/fexingo