In light of the stay-at-home order from the Bermuda Government, BF&M’s Bermuda offices are closed to walk-in customers until further notice.

Please note that physical dropbox collections are also discontinued until further notice.

We remain open for business online and by phone.

  • For customer service and for all business enquiries, call +1 441 295 5566.
  • For website support or to set up an online account, call +1 441 298 0301.

Back to FAQs

What is a deductible?

A deductible is the portion of the claim you are financially responsible for before your insurance company makes a payment towards your claim. For example, if the deductible associated with your home policy is $1,000 and your claim is for $5,000, you are responsible for the first $1,000 and BF&M will pay $4,000 (the balance).

It is important to note, deductibles apply per event/loss.

As well, a higher deductible may lower your monthly payments, but it also means you'll pay more in the up-front lump-sum when you make a claim, so it's important to choose the deductible that makes sense for you. To get more information on choosing the right deductible, call +1-441-295-5566 and one of our agents will be happy to advise you.

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