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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.
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∙ 12y ago
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Does your auto insurance deductible cover your car and the car that you hit in an accident?
You do not pay a deductible for the car that you hit. Your liability coverage does not have a deductible.
Do you have to pay a deductible if your car is involved in a hit and run accident?
If the party who caused the accident is not located, then you probably will have to fork over your standard deductible.
What is defined as the amount you are responsible for paying to repair your car after an accident?
Deductible
If you get into an accident and the other driver is at fault and your car is totaled of course his insurance will pay but if they pay the deductible who gets it?
There is no deductible for liability claims.
Is a deductible due when the auto is considered a total loss?
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.
Which term is defined as the amount you are responsible for paying to repair your car after an accident?
deductible (A = PLUS)
Who pays the deductible if someone hits your car?
The identified third party at fault is responsible for paying the deductible in the event of a motor vehicle accident.
What if someone is driving your car and they get into an accident and do not have car insurance?
Do you have car insurance? Yours will cover it. Your friend if he is a true friend, will cover the deductible.
If you have an accident before the deductible is lowered but the claim is not filed until after which deductible applies?
The deductible at the time of the accident not the time of claim.
If you have car insurance and are involved in an accident that is your fault How much do you have to pay?
You have to pay whatever your deductible amount is.
What term is defined as the amount you are responsible for paying to repair your car after the accident?
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 another car in parking lot do you pay there deductible?
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.
