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The application process for the one-time Pension Withdrawal of up to $6,000 per the COVID-19 Pension Act Amendment is open. Click here for details or to apply
For questions regarding the pension withdrawal, call +1 441 298 0358 or email customercare@bfm.bm

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What is a deductible?

A deductible is the portion of the claim you are financially responsible for before your insurer 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 the balance of $4,000.

It is important to note, deductibles apply per event/loss. As well, a higher deductible may lower your premium, but it also means you will pay more in the upfront lump-sum when you make a claim—so it's important to choose the deductible that makes sense for you financially.

For assistance in determining an appropriate deductible, contact our Customer Service team by calling +1 441 295 5566, Option 4 or emailing bfm@bfm.bm.

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