It depends. If you plan on having a lot of claims against the insurance, 500 deductible is a better deal. If you only want the insurance to protect you from MAJOR disasters that don't usually happen in your life, 1000 deductible is much less money. For the difference in the cost of the insurance, I'd much rather have the 1000 deductible. I'd just put the difference in the cost of the premium into the bank and let it draw interest. Then, when/if I have a claim, I would use that money to make up the difference. In the end, it's all just a crap-shoot. Insurance companies are betting that you'll NOT cost them more than the premium that you pay, that's how they make money. On the other hand, we're ALL hoping that we never have to use the insurance but want them to take care of EVERYTHING if we have a problem.
You choose. Most likely $250, $500, $1000 and maybe $2000
The most popular deductible is $500. But with very cheap insurance you can look to have a $1000 deductible some times.
I've had a lien holder tell me they require a $500 deductible and I argued with them on it and set my deductible at $1000 like I always do. They never repossessed the car, but that was a chance I was willing to take. I think if that went to court a Judge would see it the same way. The difference for me in payments from a $500 to a $1000 deductible is about 40% per month, so it's significant. On the other hand, you need to review the contract you signed to determine if there is a provision regarding the deductible. If it's in the contract that you signed then you cannot breach that agreement without consequences.
The average deductible varies depending on your company. However, on average, the deductible is about $1000.
1000 - 500 = 500. It's the same as asking: 1000 x 1/2.
The premium is what you pay for the policy. The deductible is what the insurance company will not pay for what is covered. For example you buy a car policy for collision. You pay the premium of $50. If you crash the car, the company will not pay any thing less than the deductible. If the deductible was $1000 and you sustained $1500 damage, the company would pay you $500. If the damage was less than the deductible, you get nothing.
Yes. Most insurance companies do have a deductible for this kind of insurance. Most deductibles are 500. This can be a normal charge for a deductible.
1000 mb = 1 gb so 300 gb is 600 times better than 500 mb
500 * 1000 = 500,000
1000 * 500 = 500,000
If you have an extra $800-$900 laying around that wouldn't strap you financially, then I would pay for it. If you can only afford the $500 deductible, I would use the insurance, because that's what it there for.
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.
1000/500 = 2x500=1000x500=1000_________500 500x=2
2.962 = 2962/1000 = 1481/5002.962 = 2962/1000 = 1481/5002.962 = 2962/1000 = 1481/5002.962 = 2962/1000 = 1481/500
1000 milligrams = 1 gram so 500*1000 mg = 500*1000/1000 grams = 500 grams.
0.398 = 398/1000 = 199/5000.398 = 398/1000 = 199/5000.398 = 398/1000 = 199/5000.398 = 398/1000 = 199/500
500 + 500 = 1000
500+500 = 1000
500 add 500 = 1000
Depending on your driving record, there may be little change in your rate, however when you do utilize your insurer for a claim, you'll pay less out-of-pocket. If that is the only thing changing, decreasing the deductible will increase the premium. They have other expenses to service your policy, so the calculation isn't this simple, but if the insurance company's statistics predict you will submit 1 claim for $1000 damage every ten years, theoreticly they could give you free insurance if you selected a $1000 deductible since they would expect no payouts. If you lowered the deductible to $500, then they would expect to pay $500 sometime in the next ten years and would want a premium of $50 a year. If a deductible is lowered the premium usually goes up
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.
That is tough to answer. It really depends upon if you are talking about and HMO, PPO, or HSA (HDHP) style of plan and where you are located. The most common deductible in the northwest, where I am, is 250-500 and the most common plan types are PPO and HMO. Movement over the past few years has been toward 500 and $1000 is starting to gain tracktion.
About $500-$1000 About $500-$1000