What Is A Collision Deductible For Auto Insurance?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WIYour deductible for your collision coverage of your auto insurance is the amount that you are responsible for of the total amount of any claim for that coverage. Collision auto insurance is coverage for your vehicle should you be involved in an accident. Read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you.Answered on July 23, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaCollision coverage almost always involves a deductible. The deductible is the amount of the claim that you must personally pay for the company to pay the balance. While the application may vary, a common technique is for you to receive a check from the insurance company that requires both your signature and that of the owner of the repair shop. The check will be less than the total expense of the repair. The difference is your deductible. The repair shop will require the insurance company check and the balance from you.Answered on August 27, 2014flag this answer
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