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What else can I help you with?
Do you have to pay deductible if it was vandalism?
Whether you have to pay a deductible for vandalism on your insurance policy depends on the terms of your specific policy. Some policies have a separate deductible for vandalism, while others may waive the deductible for this type of claim. Check your policy documents or contact your insurance provider to determine if a deductible applies in your situation.
Who is the deductible paid by?
The deductible in a person's health insurance policy is paid by the owner of the policy. This means that the person who purchases the policy is responsible for the deductible fees.
How does your deductible work in home insurance?
The amount of a policy deductible on a homeowners insurance policy is chosen by the policyholder. Your policy deductible is the amount you are responsible for paying before the insurance company will payout for a claim. If you experience a loss to your dwelling or your personal property, your homeowners insurance policy deductible applies. The deductible does not apply to other coverages on the policy. If you experience a loss under your deductible, you will not be eligible for a payout. If your loss exceeds your deductible, your deductible will be deducted from your claims payout check.
Do you have to pay the deductible if you hit another car?
If your policy contains a Deductible clause then yes you will have to pay your deductible.
What is the earthquake insurance deductible for my policy?
The earthquake insurance deductible for your policy is the amount you have to pay out of pocket before your insurance coverage kicks in.
Is your deductible waived on a comprehensive claim?
What? Why would it be? The comprehensive deductible is your retained limit of an occurance so unless you have a policy with a diminishing deductible or some other policy benefit that would waive a deductible it applies to each and every claim.
Does AOP deductible apply to commercial property?
Yes, an "All Risk" or "All Other Perils" (AOP) deductible can apply to commercial property insurance. This type of deductible is often a standard feature in commercial property policies, meaning it applies to most covered losses, except for those specifically excluded in the policy. It's important for business owners to review their policy details to understand how the deductible works and what losses it covers.
Is there a deductible for tire vandalism with full coverage?
Yes, Your comprehensive deductible on your auto insurance policy applies.
What coverage can a condominium owner buy to offset the master policy deductible?
Work with your broker to determine your deductible exposure under the master policy, and inquire as to whether or not you can include this coverage in your HO-6 policy.
Which type of deductible requires a new deductible for each separate claim?
Straight Deductible
What is 500.00 deductible basic collision?
A $500.00 deductible basic collision insurance policy means that in the event of an accident where you are at fault, you will pay the first $500 of the repair costs for your vehicle. The insurance company will cover the remaining costs beyond that deductible, up to the policy limits. This type of coverage helps protect you from financial loss due to vehicle damage, but you will need to pay the deductible amount before receiving any payout. Choosing a higher deductible typically results in lower premium costs, while a lower deductible increases premiums.
What usually happens to the amount of the premium if the deductible is lower compared to a policy with a higher deductible?
The premium will generally increase.
