Keyword Analysis & Research: finance insurance deductible

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Frequently Asked Questions

What is an insuredinsurance deductible?

Insurance deductible pertains to the amount of money on an insurance claim that you would pay before the coverage kicks in and the insurer pays. In other words, it’s the money that you would shell out of your own pocket before receiving insurance coverage. After paying your deductible,...

What happens when you pay your deductible in insurance?

After paying your deductible, the insurance company will start paying the remaining amount of the claim value up to the limits indicated in the policy. Personal Finance Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing, and protection.

How much should a car insurance deductible be?

The car is their asset, so they want as protected as possible. The benefits for those damages, however, start after a deductible amount is paid. So, your lienholder typically also has a say on how much your deductible can be. In general, lienholders will require that the deductible amount is no greater than $500.

What is a minimum deductible?

If the policyholder states that they will assume responsibility for part of a claim, the insurance company will provide the policyholder with a minimum deductible. It represents the lowest possible deductible, and therefore, the highest insurance premiums.

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