What Is Voluntary Deductible In Car Insurance?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    It appears to be a policy provision found in auto and property insurance policies issued in India.  The provision allows the insured to set the amount of a loss that they will bear themselves (deductible) at the time of claim.  This then sets a percentage that affects the premium for the coverage.  The higher the percentage bore by the insured, the lower the premium.
    Answered on May 7, 2014
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