Can a Card My Yard franchisee elect to have deductibles for the required insurance coverages?

According to Card My Yard's 2025 Franchise Disclosure Document, franchisees can elect to have reasonable deductibles in connection with the required insurance coverages. Specifically, this applies to the coverages detailed in Sections XIII.A(1)-(3) of the agreement.

These sections pertain to the franchisee's responsibility to procure and maintain insurance policies, at their own expense, to protect themselves, Card My Yard, its affiliates, successors, assigns, and their respective personnel against claims related to personal injury, death, property damage, or any loss, liability, or expense arising from the operation of the Card My Yard business. The insurance policies must be in effect at all times during the term of the Franchise Agreement.

The ability to elect reasonable deductibles provides Card My Yard franchisees with some flexibility in managing their insurance costs. Higher deductibles typically result in lower premium costs, but also mean the franchisee will bear a greater out-of-pocket expense in the event of a claim. Franchisees should carefully consider their risk tolerance and financial situation when deciding on deductible amounts. It is important to note that while franchisees can choose to have deductibles, the specific amounts must be deemed reasonable.