0
How many times do you have to pay homeowners deductible in a year?
Wiki User
∙ 12y ago
You pay a deductible only when you file a claim to collect on your insurance policy. Like if your home catches fire and you file a claim to collect the money to repair or replace the home, you pay the $500 deductible or whatever your deductible is. If you have more than one claim in a year, you probably will pay deductibles for each occurrence and also depending on the insurance company, you will probably be dropped from coverage--most companies will not tolerate multiple claims.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are some typical rates for allstate home insurance?
"Rates for homeowners insurance will vary depending on the type of insurance you purchase, the amount of coverage you choose, and the cost of your deductible. Rates are also based on the fair market value of the property and can fluctuate from year to year."
Do you have to meet a deductible before Medicare pays for an eye exam?
do you have to meet a deductible at the first of the year for an eye examine?
If you have met the deductible with your insurance company for the year and you change insurance companies in the same year do you need to satisfy another deductible with the new insurance company?
Not necessarily. It depends on the "Plan Year". For example, if your plan has a calendar year of January 1 through December 31, and by September 15 you have met your deductible, the new insurance carrier would have to issue a Deductible Credit Transfer because you have already met the deductible for the plan year. However, if the new plan has a plan year that runs from September 1, through August 31, then by September 15, your plan has already started to run and the deductible after September 1 only is the amount you can apply. YES
What does after deductible mean?
"After deductible" means you will not get coverage or certain benefits until a deductible has been met. Insurance policies often have more than one deductible. For example, you may have a $1,000 per year deductible for certain medical expenses, and another deductible for prescription drugs. If your prescription drug deductible is $500 per year, you will have to pay out of pocket the first $500 of drug cots before your plan will kick. Many plans have complicated formulas for how deductibles are applied and how they are met so there is no one answer. But "after deductible" always means that the person with the insurance policy will have to pay something first, before getting reduced-cost, free, or co-pay services and drugs. Source: Women in Business (http://www.womeninbusiness.about.com)
How many times does Kilauea erupt a year?
how many times a year has the Kilauea has erupted a year.
Using a PPO insurance plan is the deductible per Dr or for the year for all Drs?
AnswerYou can have "special" deductibles on a category of services. Mental health benefits may have such a separate deductible. But generally you'll have a single deductible that applies to all services within the year.
Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
Cleaning how many times a year?
positive 3,571 times in a year
How many times a year does Texas get rain?
52 times a year
How many times a year is a biannual event?
2 times a year
How many times does a person yawn in a year?
1,825 times a year.
What does annual deductible mean for health insurance?
The annual deductible is the aggregate maximum amount that the insurance policy requires the insured(s) to pay over the course of a year in deductibles. Stated otherwise, a deductible will normally be incurred for each physician's visit, medical test, or other procedure. There may come a point however, during the course of the year, when the total of all of those deductibles meet or exceed the annual deductible (specified in the policy). At that point the annual deductible will have been met and until the start of the new policy year, no further individual deductibles will have to be paid.
