answersLogoWhite

0


Best Answer

The deductible will double if the loss occurs during a certain time period. So if your deductible is currently $500, you will pay $1,000 before the insurance will pay any amount. Typically this applies only for the first two or three months of a new policy. After that, only the $500 will apply. The benefit of selecting a double deductible policy is that it lowers your premium.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a double deduction in auto insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What of the following is not an optional deduction if I see a health insurance?

What of the following is not an optional deduction? A. Health insurance B. 401(k) C. Medicare D. Life insurance


Do you keep your current auto insurance if you get sr22 insurance?

Auto Insurance and SR22 InsuranceSR22 Insurance "is" "Auto Insurance". They are the same thing. So there is no real need to carry both. You will have double coverage.There is nothing wrong with having 2 Insurance Polices just don't try to get paid twice on a loss and your fine.Drive Safe - Buckle Up.


Which companies provide car insurance in the state of OR?

Companies that offer car insurance in Oregon are State Farm auto insurance, 21st Century auto insurance, Nationwide auto insurance, Mercury auto insurance, Farmers auto insurance, and AAA auto insurance.


Does property insurance or auto insurance pay when a auto owner damages his garage with his auto?

Auto Insurance.


What does double deduction mean?

Double deduction often refer to a tax relief. In computing your profit, we would have claimed an expense to arrive at the profit. Some countries provide an additional deduction on the same expense against you net profit to arrive at your taxable income. Thus the term DOUBLE DEDUCTION.


What does double deduction means?

Double deduction often refer to a tax relief. In computing your profit, we would have claimed an expense to arrive at the profit. Some countries provide an additional deduction on the same expense against you net profit to arrive at your taxable income. Thus the term DOUBLE DEDUCTION.


What are some examples of payroll deduction?

Any deduction from your paycheck (or payslip) is technically considered payroll deduction. Examples of most common deductions are: * Credit Union deposits * Health Insurance * Union Dues * Dental Insurance * Disability & Accident Insurance * Life Insurance * Charities * Taxes (PAYE) * Pension * Student Loan payments


Can you get auto insurance if you have not had auto insurance?

(autoinsurance.aains.us/low-cost-auto-insurance) maybe it will help you


Is safe auto insurance a real insurance company or a scam?

I have insurance with State Farm and pay by monthly deduction since that fits my cash flow best. Every month I get a call from Safe Auto telling me that my coverage has lapsed. I consider this harassment but cannot find any way to contact Safe Auto to sak them to cease and desist. If I can't talk to a real person I have doubts that this is a 'real' company. They certainly will not be my insurer.


What is QB in auto insurance?

It is stuff about auto insurance


Auto insurance underwriter do?

What does an auto insurance underwriter do?


What is SR71 auto insurance?

What is SR71 auto insurance