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The deductible at the time of the accident not the time of claim.

2015-07-16 18:16:02
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Related Questions

Difference between a deductible and a premium?

A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.


If you are at fault in an auto accident do you have to pay the other persons deductible and my vehicle had already been damaged?

No. They are responsible for their own deductible. Because, when my van got hit, which was parked, I had to pay my deductible before the insurance company would cover it!


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.


What is meant by the term deductible?

The term deductible, when discussing insurance issues, applies to the amount of money you must pay out of pocket before your insurance coverage will pay for a claim. For example, if you have a $500 deductible on your homeowner's insurance policy and you have $1,000 worth of hail damage, you must pay your $500 deductible towards the damage and your insurance policy will kick in to pay the remaining $500 for repairs.


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.


What do you do if your insurance lapses during an accident?

Your insurance is either valid on the day of your accident or it isn't. If you are asking what happens if the policy was valid on the day of the accident but lapses before the claim is settled then the coverage that was in effect the day of the accident still applies. If your policy was not in effect the day of the accident then coverage will not apply.


What is deductible for?

When you have a deductible in your plan, before your insurance starts paying for the coverage, you have to meet the deductible after which the insurance starts paying its portion.


Can you get a tax exemption for money paid for a deductible on an accident claim if the accident is not your fault?

Prefaced by the standard - generally, under most circumstances, etc - and what your looking for is a deduction (of the expense), not an exemption (which would be advantageous if it was income). Yes, as it would be a casualty loss deduction. However, as the casualty deduction has some restrictions to meet before it can be claimed, which is likely not to be met by the generally modest amount of a deductible, unless you have losses on top of the deductible, it is likely not really available.


What does 'deductible' mean?

The amount the customer pays, before the policy pays anything.


What is a double deduction in auto insurance?

The deductible will double if the loss occurs during a certain time period. So if your deductible is currently $500, you will pay $1,000 before the insurance will pay any amount. Typically this applies only for the first two or three months of a new policy. After that, only the $500 will apply. The benefit of selecting a double deductible policy is that it lowers your premium.


If you have a copay with your primary insurance but also have secondary insurance do you have to pay the copay before treatment?

Depends on the doctors office billing procedures. For more details visit www.SteveShorr.com yes, your secondary insurance should cover this amount if you have reached your deductible with them. Normally, if the primary insurance applies a deductible or co-insurance/co-pay and you have not met your deductible on your secondary policy, depending on your policy they may apply the remaining balance to your deductible. Normally after the deductible is met on the secondary ins. they pay 100% of your remaining balance.


In this scenario what would happen if Rebecca chose to lower her deductible after completing her current claim?

It would not affect her current claim but lowering of her deductible would then affect any future claims. Of course the premium would be slightly higher in exchange for the lower deductible. The company will also want to examine the vehicle to make sure repairs are done from the previous accident before lowering the deductible.


What is a deductible in auto insurance?

A deductible in any kind of insurance is, basically, the minimum amount before the insurance "kicks in." On any repairs covered by your insurance, you will have to pay the deductible amount before the insurance will pay anything.


What is a deductible?

A deductible is the amount that you must pay out of pocket before the insurance company will start making payment.


Does medicare as the secondary insurer pay for the deductible of the primary helath plan?

No. If you have a deductible with your primary carrier, you will have to pay the deductible first before Medicare will pay anything.


Is homeowner's deductible paid before work commences?

The company doing the work may require you to pay the deductible amount before they start doing the job.


How is deductible met?

When the insured/beneficiary (patient) pays the total deductible amount out of his own pocket. A deductible is the amount for which the patient is financially responsible before an insurance policy provides payment.


What time is the flag raised and lowered?

Raised at the beginning of the day; lowered at the end of it, ideally before sunset.


How do deductibles work for health insurance?

A deductible is the amount of your actual, billed health care costs that you must pay before the insurance will kick in. Your premium does not count towards your deductible. The higher your deductible, the more you have to pay before your insurance will start to cover your bills.


How would you be compensated for a hit and run accident if you have full coverage on your vehicle?

your insurance company will pay for the repairs. You may even have a policy that waives the deductible. Be sure to know all your options before accepting a settlement.


Do you have to meet a deductible before Medicare pays for an eye exam?

no


What is pre-accident?

The state of circumstances directly before an accident happened.


What is deductible in medical billing?

deductible mean patient should pay pearticular amount to the provider, before provider start treting the patient.


What is the amount you pay before insurance company pays anything?

deductible.


In Georgia if a deer hits your vehicle do you have to pay the deductible?

Yes, if you want to turn it into your insurance, you will be required to pay the deductible before they will cover the other costs of the damage. If another person hits your car, you would not have to pay your deductible.