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When you file a claim against your own company you must pay the deductible. Your company may pay you back the deductible only in cases where they go after someone else who was responsible for the damage and your company manages to collect for that damage.
Some (not all) companies may also waive the deductible if the insured made no claim in the past 1 or 2 years, for example.
What else can I help you with?
Will your comprehensive portion of my auto insurance cover your damaged transmission if you went over a curb?
No, that would be a collision, and would be covered under the collision portion of the policy, and the collision deductible would apply. Collisions are also considered a chargeable claim for rating and insurability purposes.
What is the collision deductible for in auto insurance?
You are able to chose your own deductible, but you have the car financed or leased, they may dictate the maximum limit.
Can 5000 collision deductible be placed on most auto policies?
For most major companies 1k is the max
What is the auto dudctable insurance?
In terms of auto insurance, the deductible is the amount the policyholder is committing to pay if their vehicle is damaged or stolen before the insurance company is responsible for paying out a claim. A deductible applies to both comprehensive and collision physical damage coverage. Comprehensive will pay for damage or loss to your vehicle resulting from fire, theft, vandalism, hail damage, and wind. Collision pays for damage caused by an accident. You will be required to choose a deductible for each coverage ranging from $0 to $2000. While higher deductibles offer lower auto insurance rates, you will be responsible for paying this amount before the insurance company will cut a claims check. Choose a deductible that is practical for your situation.
Can you file a claim on both insurance companies yours and the party at fault in an auto accident?
Yes, you can. However, ultimately it is the at fault party's insurance company that will pay for the claim. In such a case, you will file a claim under your collision coverage and be subjected to the deductible. Once the claim is settled, your company will subrogate the loss with the other company(i.e. get reimbursed). Once that happens, you will be provided your deductible back. If you go through the at fault party's policy, you would file the claim under the property damage of the policy.
Is collision coverage deductible and tire slashing the same?
No, Tire slashing is considered Vandalism and is covered under the comprehensive portion of your Auto Insurance Policy. Your comprehensive deductible would apply to the loss.
What does waiver of collision deductible coverage in California for uninsured motorists coverage?
The California Collision Deductible Waiver (CDW) is coverage which waives your collision deductible if you are hit by a negligent uninsured motorist. The CDW option with a personal auto insurance policy in California pays your collision deductible when you carry collision coverage on a vehicle that is damaged by an uninsured or hit-and-run motorist who is at fault. Coverage typically applies only when there is actual physical contact and when you can identify the uninsured driver or vehicle. Some insurance companies will not even talk about the coverage even if it is included in your policy until you bring it to their attention.
If you allowed a friend to drive your car and he totaled it but his insurance company subtracted 500 from the check for the deductible why do you pay for his deductible?
Because this was an at-fault incident, the 500.00 deductible is your responsibility. You as the owner of the vehicle allowed your friend to drive the car to begin with. Your friend in all fairness should pay you the 500 dollars. Why is your friend's insurance paying you? Your own comprehensive/collision policy should pay you (less the deductible) and then "subrogate" the claim to your friend's auto or general liability insurance or sue him directly if he has no insurance and send you the deductible after they have collected.
Why is it important to no the difference between co-insurance and deductible?
A deductible is the initial amount that the insured must pay out of pocket before the insurer's obligation to pay anything is triggered. It might be best understood as the amount for which you have agreed to self-insure before seeking assistance from the insurer. For example, if you have a $1000 collision deductible on your auto insurance, and a collision results in repair costs of $650, you would not have met your deductible, and the collision insurer would not have an obligation to pay. In contrast, co-insurance is that percentage of a covered claim that you are obliged to pay. The context of health insurance probably provides the best example. A major medical policy may provide for a 20% copayment. This means that once any deductible is met, the insurer pays 80% of allowable charges, and the insured is responsible for the remaining 20%.
Does comprehensive auto insurance cover roll over due to black ice?
No. This would be a collision claim because all roll-overs no matter the cause are collision claims.
Do you have to pay your auto deductible if you are hit by an uninsured driver?
Yes, if you are hit by an uninsured driver, you typically need to pay your auto deductible if you file a claim through your own insurance policy. This is because your insurance will cover the damages after you meet your deductible. However, if you have uninsured motorist coverage, it may help cover costs without the need to pay a deductible, depending on your policy specifics. Always check your insurance policy for details on coverage and deductibles.
If you are at fault in an auto accident do you have to pay the other persons deductible?
No, you have to pay your deductible.
