Definition: The word "aaa" in the context of home insurance refers to an abbreviation used by insurance companies to identify a higher deductible, which typically increases with age or through renewal periods. For example, if you are 65 years old and have an AAA policy, your insurance premium may be based on a higher deductible for any accidents or claims. This means that the amount of money you would pay out of pocket in case of damages to your home is reduced. The term "aaa" is often used as an abbreviation for "annual assessment." In this context, it simply refers to the annual cost of insurance premiums, and can also refer to a monthly charge that applies to all policies with the same level of coverage.
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