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For example, if your comprehensive coverage deductible is $1,000 and a hail storm causes $3,000 in damage to your car, an insurance provider would only cover $2,000 of the damage.
What Is a Car Insurance Deductible? Your deductible is your share of your vehicle’s repair costs after an accident. For example: If you must file a claim, and your deductible is $500 — and the ...
For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
Auto insurance deductibles. Car insurance deductibles typically come into play if you have comprehensive and collision coverage. These coverage types usually make up a full coverage car insurance ...
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Here are some unexpected things covered by insurance. Some out-of-the-norm mishaps can happen to a vehicle when it isn't on the road that many drivers don't consider — until it happens to them.
However, you have uninsured motorist property damage on your policy, so your insurance company could make a payout for your vehicle’s repairs minus your $100 deductible. Other types of car ...
Based on the coverage you select, your insurance company will pay up to a certain limit per coverage type or cover certain types of damage. Car insurance may financially protect you if you are ...