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Deductible reimbursement is handled differently based on the insurance carrier. Some request the deductible first then will reimburse you once recovery is obtained. While others will completely waive the deductible payment based upon the information obtained and if you purchased “Collision Deductible Waiver” on your policy. Collision Deductible Waiver is an optional add-on coverage on …
When you’re choosing a car insurance policy, you probably don’t immediately think about the deductible, except in the sense that it can affect your overall rate. Most people don’t expect to have an accident, so they often make choices to minimize their insurance payment rather than considering the additional cost of a high deductible when …
A car insurance deductible is the money that you owe to the insurance company before they pay for damages. You are required to pay the deductible, or the insurance company will refuse to pay for those damages. The only way to avoid paying a deductible on a claim is by not making that claim. Your …
Read MoreWhat Happens If You Can’t Pay Your Car Insurance Deductible?
A deductible is money that you owe to the insurance company. You have to pay a deductible to receive the car insurance payout. The deductible is paid out-of-pocket, and you are solely responsible for it. That insurance coverage is what you use to cover the repairs for the damages to your car. The deductible is …
When you choose an auto insurance policy, one of the things that you’ll have to decide on is the deductible. It might be high, it might be low, it might be somewhere in between—but what do all of these numbers actually mean in a practical sense? Car Insurance Deductibles 101 Your car insurance deductible refers …
If you have a car that you use strictly for business purposes and carry business-use type insurance, you have the ability to deduct any costs that relate to your vehicle. Strictly commuting to and from work does not constitute business purposes and being reimbursed for the use of your car for business-related reasons by your …
The deductible with your auto insurance carrier is the amount that you will pay out of pocket before the insurance reimburses for the vehicle’s damages. You will choose the amount of your deductible based on how much you feel you can afford to pay out-of-pocket and then the insurer is going to be responsible for paying …
