Retention (SIR)
📚 BasicsA self-insured retention — like a deductible, but you handle and pay the claim yourself up to that amount before the policy responds.
🎓 Agent note Unlike a deductible, on a true SIR the insurer’s duty to defend may not trigger until the SIR is satisfied. Read the retention clause carefully.
This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝