🔍 Do I Have to Pay a Deductible for Standard Tenant Coverage?
This information applies to all Standard Tenant Coverage customers, including those who enrolled through NEO, Chexy, BuildingStack, or KOHO.
Yes — if your claim is related to Content coverage (your personal belongings), there’s a $500 deductible applied per coverage tier under your Group Tenant insurance plan.
👉 How the deductible works:
The deductible is the amount you’re responsible for before your insurance kicks in. For example, if you make a claim for $1,200 worth of stolen or damaged items, $500 would be deducted, and the remaining $700 would be eligible for reimbursement (as long as it’s approved under your policy).
âś… No deductible applies to:
Bodily Injury
Property Damage
Medical Payments
So, if your claim doesn’t involve your belongings, there’s no deductible — you’re covered with no extra out-of-pocket cost. 🙌
Yes — if your claim is related to Content coverage (your personal belongings), there’s a $500 deductible applied per coverage tier under your Group Tenant insurance plan.
👉 How the deductible works:
The deductible is the amount you’re responsible for before your insurance kicks in. For example, if you make a claim for $1,200 worth of stolen or damaged items, $500 would be deducted, and the remaining $700 would be eligible for reimbursement (as long as it’s approved under your policy).
âś… No deductible applies to:
Bodily Injury
Property Damage
Medical Payments
So, if your claim doesn’t involve your belongings, there’s no deductible — you’re covered with no extra out-of-pocket cost. 🙌
Updated on: 28/03/2025
Thank you!