Protection & safety · General financial education

Deductible

A deductible means you bear the first slice of a loss yourself. You are choosing which small losses stay with you.

In more detail

A higher deductible typically means more small losses from your own buffer, often a different premium. That is a structure, not advice to raise or cut the deductible. Finmon does not pick a level.

Background

You are implicitly comparing the premium with how often small losses occur and with the size of your cash buffer. Local names (excess, Selbstbeteiligung) do not change the idea. No product recommendation.

An example

Two contracts: €0 deductible versus €500. In the second case you pay a €120 repair yourself. That is the idea, not a quality judgment on the tariff.

A common misconception

The smallest deductible is always the better insurance.

You choose which small losses you bear. Finmon does not set a level.

Source: MoneyHelper · Insurance. Last reviewed: 2026-11-09. Editorially reviewed on 2026-11-09. Next review 2027-11-09. Version 0.2.0. Finmon explains. It does not advise. Not investment, tax or legal advice.