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Can you switch your deductible to 100 before repairs then back to 1000 after the work is done?
Coyote989
Is this what we would call in the UK 'voluntary excess' on an insurance policy?
Your insurance company may allow you to change your excess mid-term but you will probably have to pay an 'additional premium' as you will most likely have received a discount when you took the insurance policy out for choosing a higher excess in the first place.
Your insurer may get suspicious if you do this then immediately make a claim or they discover that an accident for which you are making a claim took place before you requested a change in your excess. This may result in your claim being rejected.
Carefully consider the excess or deductible when you choose your insurance policy. If you choose a higher excess at the start to obtain a discount on your policy then you should be prepared to pay out in the event of a claim.
CQ
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∙ 14y ago
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Do home insurance policies cover or discount on home repairs?
Home insurance policies cover all kinds of mishaps and repairs. The discount is called the deductible. When you purchase a policy you select a deductible amount of damage or loss that you pay for first and they pay the difference afterwards. The $100 deductible cost more per month than a $500 or $1000 deductible. Read your neighbor's policy. You might learn a bit about that subject.
What is the average deductible for antiques insurance?
The average deductible varies depending on your company. However, on average, the deductible is about $1000.
When your insurance said comprehensive less deductible 1000 what does that mean?
The deductible is the amount of money you will pay out of pocket before the insurance coverage kicks in. If you have 900.00 in damages, they wont pay anything. If you have 1500.00 in damages, they will give you 500.00. Less meaning - minus the deductible
What is a family deductible?
Generally, it means that medical bills for all family members covered under the plan will count toward meeting the deductible. This is different from the majority of plans, because most insurance plans have a deductible that is per person, with a maximum for the family of either 2 or 3 times that amount. For example, if a family of 5 is covered under your insurance plan, and the deductible is $1000 with a maximum of 3 times the amount, and you have, say, a bad car wreck where everyone is hurt - you would have $3000 to pay to meet your deductible. If you had the same family, and the 'Family deductible' is $1000, you would have only $1000 to pay to meet the deductible, even if everyone was hurt.
Do less depreciation amount from a claim of disaster is yours to keep?
Now try in proper English. The deductible is not a payment. That is in essence what you pay before the insurance co pays. In other words, if the loss is $1000 and you have a deductible of $300 you will only get a claim check for $700
Is there a deductible on comprehensive coverage auto insurance?
Usually there is a deductible on comprehensive coverage auto insurance. The deductible can range in different amounts usually from 0 to $1000 or even higher if it is a very expense vehicle.
What is an example of a deductible?
A deductible is your "skin in the game" so to speak. A way of reducing insurance premiums is to increase you're deductible, thereby reducing the risk of the insurance company. If you had an insured loss of $1000 and you had a deductible of $250, you would be paid $750 by your insurance carrier.
How much does it cost for home repairs?
under a 1000 pounds or if bigger damage then above 1000 pounds
What kind of deductibles should I expect with cheap auto insurance?
The most popular deductible is $500. But with very cheap insurance you can look to have a $1000 deductible some times.
Do you want a high insurance deductible?
It depends on the person. The advantage to a higher deductible is lower premiums, however, the disadvantage is having to come up with a large sum of money if you're involved in an at-fault accident. A good question to ask yourself is (for instance, if your deductible is $1000), "If I'm involved in an accident that is my fault, can I come up with $1000 quickly?"
What is the deductible for renters insurance?
You choose. Most likely $250, $500, $1000 and maybe $2000
Where is the power switch on a HP laser jet 1000 printer?
There is no power switch on the HP LaserJet 1000 printer.
