Deductible (apallagi)
The deductible is the part of a covered loss you pay. It can be a fixed amount or a percentage. For example, a €1,000 covered loss with a €300 deductible leaves €700 for the insurer if no other restrictions apply.
Also known as: Excess
To compare policies, look at both the premium and the deductible. A lower price may come with a larger share of a claim for you to pay.
Many policies have a different deductible per cover — one for glass breakage, another for natural events. “I have comprehensive” does not tell you how much you will pay; the deductible does.
In your own policy the deductible usually appears next to each cover in the schedule, not in one single place. Look for the words “απαλλαγή” or “ίδια κράτηση”. PolicyWallet surfaces the deductibles per cover and shows you where they differ.
Upload your policy — free summaryFrequently asked questions
Is a high or low deductible better?
There is no single answer for everyone. Compare the premium difference with the amount you could pay towards a claim and discuss the options with your adviser.
Does the deductible apply to every claim?
Usually yes, per incident. Some covers may carry no deductible — that appears in your policy terms.
Related
Educational content, not insurance advice. PolicyWallet explains what the term means and helps you find it in your own document — it does not assert what your policy covers.