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When you have two insurance policies, each may have its own deductible, which is the amount you must pay out of pocket before the insurance coverage kicks in. If both policies cover the same expense, you typically need to meet the deductible for each policy separately. However, some insurers may coordinate benefits, allowing one policy to cover costs after the other has paid their share, potentially reducing your overall out-of-pocket expenses. It's important to review the terms of each policy to understand how deductibles and coverage will apply in your specific situation.

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2w ago

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In a two car accident who is responsible for the deductible?

If you are going through your own insurance, you are responsible for your collision deductible. If the other person is at fault, you can go through their insurance under their liability coverage so you do not have to pay a deductible.


What are the options for collision repair with no deductible?

When it comes to collision repair with no deductible, you typically have two options: using insurance coverage that includes a zero-deductible option or paying for the repairs out of pocket without involving insurance.


Why there is compulsory deductible in insurance policies?

One to avoid smaller claims preferred by the insured - two treated as a copayment since the insured who prefers the claim should share a meagre portion of the liability.


What are two types of insurance policies?

there are two types of insurance 1. Life insurance 2. General insurance


Is it possible to have two separate car insurance policies for the same vehicle?

No, it is not possible to have two separate car insurance policies for the same vehicle.


Is it possible for me to be covered by two car insurance policies simultaneously"?

No, it is generally not possible to be covered by two car insurance policies simultaneously as it can lead to over-insurance and potential fraud.


Can one person be covered by two car insurance policies simultaneously?

No, one person cannot be covered by two car insurance policies simultaneously.


What is the difference between copay and coinsurance when you have primary and secondary insurance?

A copay is a "set" dollar amount you pay at the time of treatment. For instance, a $35 doctor copay. If you have level one doctor visits, you pay nothing more than the $35 doctor copay. Co-insurance is the percentage you share with the insurance company after your deductible has been met. When you have two policies - your primary insurance will pay first (subject to deductible and co-insurance), and then your second policy starts with the balance left from the primary policy (subject to deductible and co-insurance again). For instance a primary policy with a 5,000 deductible and 80/20 co-insurance of $5000. Your bill for surgery is 6000. You pay 5,000 + 20% of $5000 (1000) = $6000.00 Your balance of your surgery bill is 0


If you have the same insurance for your primary and secondary can you still end up with a balance you owe?

Having the same insurance company twice, as a primary and secondary, means you are paying twice for the same insurance policy. They probably will not cover the same thing twice, or they may treat it as two different policies and may treat it that way. If they were two different policies, The primary would deal with any deductible and copay before fulfilling its contractual obligation and so would the secondary policy depending on the wording of the contract. Unless there is no deductible and copay, or if one policy covers the deductible/copy of the other, there will still be a balance you owe. There is also the situation where your medical provider will not accept or fully participate in your insurance policy, in which case you may owe the difference between the doctors bling amount and what was paid by the insurance(s).


Can a car have two insurance policies at the same time?

No, a car cannot have two insurance policies at the same time. It is against the law and considered insurance fraud to have overlapping coverage on a single vehicle.


Can you have two separate life insurance policies?

Sure can.


Can you have 2 separate car insurance policies for the same vehicle?

No, you cannot have two separate car insurance policies for the same vehicle.