Insurance 101
Deductibles
The amount of deductible that
you will be responsible for is determined by your insurance policy. If you carry
standard collision, you will have to pay your deductible regardless of whether
you were at fault. If you carry
broad collision, and you were
not at fault, your insurance company most likely will waive your deductible.
Insurance companies determine fault by your account of the accident when you
make the claim, and by reviewing the accident report filed with the police
department. If you aren't sure about your deductible, you can call your advisor
and he can tell you whether your insurance company has waived your deductible or
whether you will be responsible to pay this when you pick up your vehicle.
If your deductible is not
waived, it will be your responsibility to pay when you pick up your vehicle. If
you aren't sure about your deductible, you can call your advisor and he can tell
you whether your insurance company has waived your deductible or whether it will
be your responsibility.
