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Which one of these describes a situation in which people have to pay a deductible?
When their insurance policy only covers part of a medical expense.
Do you have to pay deductible if it was vandalism?
Whether you have to pay a deductible for vandalism on your insurance policy depends on the terms of your specific policy. Some policies have a separate deductible for vandalism, while others may waive the deductible for this type of claim. Check your policy documents or contact your insurance provider to determine if a deductible applies in your situation.
Should you pay a high or low property deductible for home insurance?
Depends on your financial situation. If you have plenty of money saved to pay a high deductible, you can get a higher deductible and have lower premiums. If you usually do not have a lot of money in savings, a lower deductible would be better so you would be able to come up with the deductible if a claim has to be filed.
What describes a situation in which people will have to pay deductible?
A deductible is the amount a policyholder must pay out-of-pocket before their insurance coverage kicks in. For example, in a health insurance plan, if a person has a $1,000 deductible and incurs medical expenses of $1,500, they must first pay the $1,000 before the insurance covers the remaining $500. Similarly, in auto insurance, if a driver has a $500 deductible and is involved in an accident causing $2,000 in damage, they will need to pay the first $500 before the insurer pays the rest.
What statements describes a situation in which people have to pay a deductible?
A deductible is the amount an insured person must pay out of pocket before their insurance coverage kicks in. For example, if someone has a health insurance plan with a $1,000 deductible, they must cover the first $1,000 of their medical expenses themselves before the insurance company starts to pay for any additional costs. This situation often arises in medical treatment, auto insurance claims, or homeowners insurance, where individuals are responsible for a specified amount before benefits are activated.
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.
Do you have to pay a deductible if your car is stolen?
Yes. You would have to pay what your comprehensive deductible is.
If you are at fault in an auto accident do you have to pay the other persons deductible?
No, you have to pay your deductible.
Do you have to pay your auto deductible if your vehicle is not damaged?
No. You only pay your deductible if you are setting up repairs.
Is it possible to pay a deductible with a credit card?
Yes, it is possible to pay a deductible with a credit card.
How can you pay the deductible for lap band surgery?
You can pay the deductible for the lap band surgery directly to the hospital or doctors office. You can even ask if you can have a payment plan to pay the deductible.
Does a deductible apply for hitting a deer?
Yes! I did it and had to pay my deductible.
