TowerInsure

Deductible vs SIR

Policy Terms

A deductible is subtracted from the claim payment after the insurer handles and pays the claim, while a self-insured retention must be satisfied by the insured before the carrier has any obligation to act. From an additional insured's perspective, SIRs can create friction because the named insured must fund the retention before the additional insured receives any defense or indemnity benefit.

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