This second issue of the Insurance Research Council’s Public Attitude Monitor 2005 (PAM) examines the public's understanding of the relationship between a deductible and premium. Findings show that more than four in ten Americans who have a homeowners policy do not understand one of the fundamental principles of insurance, specifically that when a deductible increases the amount of the premium decreases. The report also indicates that most Americans find it easy to obtain homeowners insurance that meets their needs and is affordable. Filing a claim within the past five years has a small to negligible effect on the percentage of homeowners who find it easy to obtain insurance.
