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What is the difference between deductible and premium?
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.
If your deductible is 5000 and your dr bill is say 150 how much do you pay?
If your deductible is $5,000, you are responsible for paying the full amount of the doctor’s bill until you meet that deductible. Since your doctor’s bill is $150, you would pay the entire $150 out-of-pocket. After you've met your deductible, your insurance would start to cover costs according to your plan.
What is The dollar amount you have to pay before an insurance plan takes effect and the insurance company starts paying called?
deductible
What is the difference between a definition and derivative?
a definition is what it means, a derivative is what it derives from, like a root word
What is the stem definition for calor?
heat
What is the correct spelling of deductible or deductible?
deductible
Is it deductible or deductible?
It is "deductible," except in Australia, where it's spelled "deductable."
Which type of deductible requires a new deductible for each separate claim?
Straight Deductible
Do you have to pay the deductible if you hit another car?
If your policy contains a Deductible clause then yes you will have to pay your deductible.
What is the average deductible for antiques insurance?
The average deductible varies depending on your company. However, on average, the deductible is about $1000.
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.
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.
Does a deductible apply for hitting a deer?
Yes! I did it and had to pay my deductible.
WHEN health insurance deductible?
WHEN WHEN when is health insurance deductible paid when? When?
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.
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.
How does the deductible work?
Your deductible is the portion of the loss that you are responsible for paying yourself.
