What Deductible Should I Choose for My Insurance?

What deductible should I choose for my legal malpractice insurance policy?

That answer is really a personal preference. You can go on both ends of the spectrum from a zero deductible, $10,000 deductible or even higher. It really depends on your comfort level.

If you are comfortable having zero deductible and paying a higher premium, because that’s what’s going to happen, then take that.

If you’re not comfortable with paying the higher premium and having a low deductible, take the lower premium and higher deductible. Again, I call it sleep insurance. Whatever you’re comfortable with is what you want to choose.

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