PNiddy at 15:42, 17 July 2006

2006-07-17T15:42:42Z

← Older revision		Revision as of 15:42, 17 July 2006
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	In an [[Car ~~insurance~~\|insurance policy]], the '''deductible''' or '''excess''' is the portion of any claim that is not covered by the insurance provider. It is normally quoted as a fixed amount and is a part of most policies covering losses to the policy holder. The deductible must be "met", that is, paid by the insured, before the benefits of the policy can apply.		In an [[Car Insurance\|insurance policy]], the '''deductible''' or '''excess''' is the portion of any claim that is not covered by the insurance provider. It is normally quoted as a fixed amount and is a part of most policies covering losses to the policy holder. The deductible must be "met", that is, paid by the insured, before the benefits of the policy can apply.

	In a typical [[Car ~~insurance~~\|automobile insurance]] policy, a deductible will apply to claims arising from damage to or loss of the policy holder's own vehicle, whether this damage/loss is caused by [[Car accidents\|accidents]] for which the holder is responsible, vandalism or theft. Third-party liability coverage generally has no deductible, since the third party will likely attempt to recover any loss, however small, for which the policy holder is liable.		In a typical [[Car Insurance\|automobile insurance]] policy, a deductible will apply to claims arising from damage to or loss of the policy holder's own vehicle, whether this damage/loss is caused by [[Car accidents\|accidents]] for which the holder is responsible, vandalism or theft. Third-party liability coverage generally has no deductible, since the third party will likely attempt to recover any loss, however small, for which the policy holder is liable.

	Most health insurance policies and some travel insurance policies have deductibles as well. Typically, a general rule is: the higher the deductible, the lower the [[Insurance premium\|premium]], and vice versa. The type of health insurance deductibles can also vary, as individual amounts and family amounts. Major medical insurance policies are known for often having a deductible which does not cover the cost of routine visits (e.g., to a doctor's office).		Most health insurance policies and some travel insurance policies have deductibles as well. Typically, a general rule is: the higher the deductible, the lower the [[Insurance premium\|premium]], and vice versa. The type of health insurance deductibles can also vary, as individual amounts and family amounts. Major medical insurance policies are known for often having a deductible which does not cover the cost of routine visits (e.g., to a doctor's office).

PNiddy at 15:42, 17 July 2006

2006-07-17T15:42:08Z

New page

In an [[Car insurance|insurance policy]], the '''deductible''' or '''excess''' is the portion of any claim that is not covered by the insurance provider. It is normally quoted as a fixed amount and is a part of most policies covering losses to the policy holder. The deductible must be "met", that is, paid by the insured, before the benefits of the policy can apply.

In a typical [[Car insurance|automobile insurance]] policy, a deductible will apply to claims arising from damage to or loss of the policy holder's own vehicle, whether this damage/loss is caused by [[Car accidents|accidents]] for which the holder is responsible, vandalism or theft. Third-party liability coverage generally has no deductible, since the third party will likely attempt to recover any loss, however small, for which the policy holder is liable.

Most health insurance policies and some travel insurance policies have deductibles as well. Typically, a general rule is: the higher the deductible, the lower the [[Insurance premium|premium]], and vice versa. The type of health insurance deductibles can also vary, as individual amounts and family amounts. Major medical insurance policies are known for often having a deductible which does not cover the cost of routine visits (e.g., to a doctor's office).

[[Category:Car Insurance]]
[[Category:Car Safety]]

Deductible - Revision history

PNiddy at 15:42, 17 July 2006

PNiddy at 15:42, 17 July 2006