🔍 Do I Have to Pay a Deductible for KOHO Standard Tenant Coverage?
If you're covered under a KOHO Standard Tenant Insurance plan, here's the scoop on how deductibles work:
*
💸 When Does the Deductible Apply?
If your claim is for Content coverage (aka your personal belongings like furniture, electronics, or clothes), there’s a $500 deductible per coverage tier under your KOHO Group Tenant Insurance plan.
Example:
If your stolen or damaged items are valued at $1,200, your deductible is $500 — meaning you’d be reimbursed for the remaining $700 (once the claim is approved).
*
✅ What’s Covered Without a Deductible?
You won’t have to pay a deductible for claims related to:
Bodily Injury (someone else gets hurt in your rental)
Property Damage (damage caused to the rental unit)
Medical Payments (if a guest needs minor medical help after an incident)
So if your claim doesn’t involve your personal belongings, you’re covered — no out-of-pocket cost 🙌
*
💸 When Does the Deductible Apply?
If your claim is for Content coverage (aka your personal belongings like furniture, electronics, or clothes), there’s a $500 deductible per coverage tier under your KOHO Group Tenant Insurance plan.
Example:
If your stolen or damaged items are valued at $1,200, your deductible is $500 — meaning you’d be reimbursed for the remaining $700 (once the claim is approved).
*
✅ What’s Covered Without a Deductible?
You won’t have to pay a deductible for claims related to:
Bodily Injury (someone else gets hurt in your rental)
Property Damage (damage caused to the rental unit)
Medical Payments (if a guest needs minor medical help after an incident)
So if your claim doesn’t involve your personal belongings, you’re covered — no out-of-pocket cost 🙌
Updated on: 28/03/2025
Thank you!