A deductible, or insurance deductible, is an amount of money the first of which the insurance company will not pay towards the cost of the loss suffered. For example, a $500 deductible means that the insurance company will not pay the first $500 of a loss. Deductibles are made for the purposes of keeping the costs of insurance down by making the insured pay a certain amount of money and not make a claim towards minor losses. If the accident is the other person's fault, either their insurance company will pay that deductible or you can sue them in court.
You do not pay a deductible for the car that you hit. Your liability coverage does not have a deductible.
If the party who caused the accident is not located, then you probably will have to fork over your standard deductible.
Deductible
There is no deductible for liability claims.
Yes, if your own insurance is paying for an accident that you were at fault for provided you had full coverage and they are paying for your car. If the accident was not your fault, no you will not pay a deductible.
deductible (A = PLUS)
The identified third party at fault is responsible for paying the deductible in the event of a motor vehicle accident.
Do you have car insurance? Yours will cover it. Your friend if he is a true friend, will cover the deductible.
The deductible at the time of the accident not the time of claim.
You have to pay whatever your deductible amount is.
The term is "deductible". It is payable as to collision and comprehensive claims. The deductible is chosen by the insured when the insurance is initially purchased.
If you hit the car (i.e., you're liable for the accident), the other driver shouldn't have a deductible - your liability insurance should pay the entire claim.