What Does An Auto Insurance Deductible Mean?

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   Robert Zaris

   Vice President, Z & R Associates inc,

   It is the portion of the damage that you are responsible to pay for in the event of a claim. A good example is if you have a $1000 deductible and have damages for $10,000, you would receive $9000 as the $1000 deductible is what you are responsible for. Hope this helps you.

   Answered on April 3, 2013

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