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What else can I help you with?
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.
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.
Can you change the deductible and cap amounts on your health insurance policy without changing policy number?
Probably. Check with your specific insurance company.
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.
If you are involved in a collision and your policy is only 10.000 but the other vehicle is totaled is the insurance company responsible for the amount over the policy?
Nope.
Do you make an insurance payment if your car is totaled?
You should check with your insurance company. If you still have a policy open for the car the premium is still due. But I'm not sure why you'd have a policy if the insurance company said the car was totalled
CAN you BUY MY Car back after its totaled?
In some cases you can buy your car back from the insurance company or from the scrapyard if the vehicle is totaled. You will need to check your insurance policy to see what type of stance they take on this purchase.
Miguel has 500 deductible on his comprehensive insurance policy If his car repairs total 1780.75 what amount will the insurance company pay?
$1280.75
What are my options for Low Deductible Insurance?
A low deductible insurance policy simply means that, a low deductible, possibly $200 as compared to $2,000 which would be a high deductible. Often you are also given the option of choosing 80, 90 or 100% co-insurance. Co-insurance is the amount that the insurance company pays (after deductible) up to whatever is the maximum out of pocket amount.
Is insurance premium part of deductible?
The insurance premium is the amount you pay the insurance company every month. The insurance deductible is the set amount which you pay out of pocket for repairs after you make a claim. For example... you may pay $100 to the insurance company every month for the insurance policy and have a $500 deductible. If you file a claim you are expected to pay for $500 of the repairs yourself, while the insurance policy covers anything above that amount up to your max limits.
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.
I need to have Surgery and need to meet a 565 deductible how can I meet this deductible?
The deductible is the amount of money that you will need to pay out of your pocket before the insurance company will pay for the surgery. Once you have proof of paying the deductible, then the provider will bill the insurance company, and they in turn will pay the provider according to how the policy states it will pay. Check your policy to see if it's an "80/20" plan or something different. An 80/20 plan means that after you pay the deductible, the insurance company will pay 80% of the bill and you will pay 20% of the bill.
