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Can you switch your deductible from 500 too 100 Then back to 1000 after the repairs are done?
I guess this refers to what is know in the UK as 'voluntary excess' on a motor insurance policy?
Some insurers may allow you to change your excess at any time during the term of the policy. If you reduce your excess then you are likely to have to pay an 'additional premium' as you will probably have been given a discount when you took the insurance policy out for choosing a higher excess.
It is likely, however, to raise suspicion with your insurer if you do this then immediately make a claim or it is discovered that an accident actually took place prior to you requesting a change in your excess.
You should carefully consider what excess you choose when you take out your policy. If you want to take a chance and choose a higher excess at the start to obtain a discount on your policy then you should be prepared to pay this higher excess in the event of a claim.
CQ
What else can I help you with?
Is paying back relocation expenses tax deductible?
Paying back relocation expenses is not tax deductible for individuals.
Is the interested paid on a back spousal support payment tax deductible?
Personal interest is not tax deductible
Do you have to pay a deductible if your vehicle is vandalized?
Yes when you get it back i think
Can you switch your deductible to 100 before repairs then back to 1000 after the work is done?
Is this what we would call in the UK 'voluntary excess' on an insurance policy? Your insurance company may allow you to change your excess mid-term but you will probably have to pay an 'additional premium' as you will most likely have received a discount when you took the insurance policy out for choosing a higher excess in the first place. Your insurer may get suspicious if you do this then immediately make a claim or they discover that an accident for which you are making a claim took place before you requested a change in your excess. This may result in your claim being rejected. Carefully consider the excess or deductible when you choose your insurance policy. If you choose a higher excess at the start to obtain a discount on your policy then you should be prepared to pay out in the event of a claim. CQ
What is a non refundable deductible?
It means that it's Non-Refundable No money Back Deductible means takes out I think Im not shure But hoped It helped :)
deductible?
I do know after period of time the deductible lowers down to zero. But if by chance accident occurs does it go completely back up or does it increase partially?
If someone hits your car and you have pl-pd insurance will their insurance cover your car if they were totally at fault?
Yes. eg: If you have pl/pd, the insurance won't pay for repairs for YOUR car if it is you fault, but they will pay the repairs for the other car There's the big problem of having only the required liability insurance. If you do not have comprehensive and collision, you may have to sue the at-fault driver to force his insurance carrier pay. If you have coverage of your own, you can file a claim with your agent and immediately collect the damages (less your deductible) and your company will sue his if necessary. If and when they win or receive a settlement, you will get your deductible back.
Can you get your deductible back when your auto insurance is subrogating?
Yes. In many cases your insurance company may waive your deductible if the third party's insurance company accepts liability.
Are you responsible for the deductible on the insurance of the car you hit if you do not have insurance?
If you were legally at fault, you are responsible to pay all damages to other vehicle. Even if you pay the other persons deductible, that insurance co. will come after you for total amount. The person that you gave the money to for their deductible will then have to give some of that back to insurance co., if they find out that deductible was given to him (her) by you.
Is it typical for an insurance company to require the deductible paid to them even if the accident wasn't your fault and you will be reimbursed for losses by the other driver's insurance?
I can't think of a time when the deductible is paid to the insurance company.......typcially would be paid to the repair facility, and is deducted from your settlement draft........i am assuming the following senerio: your vehicle was damaged and the other parties ins co had accepted liability, your vehicle is in the shop and you will need to pay your deductible when the repairs are complete? two thing generally happen here......some times the other carrier will go ahead and issue the deductible on your behalf then when the 'supporting documents' have arrived they will pay your insurance company back (subrogation).......or (and unfortunately mostly), your company and you (via your deductible) pay the claim, then ''at fault'' carrier pays your insurance company back including your deductible, your company then reimburses your deductible to you...another option if you haven't already got your vehicle under repair....is to allow (some times wait) for other carrier to pay entire claim......if you could give me more information perhaps i can help you more......
Do you have to pay back the loan for repairs on a home?
What you do with a loan is irrelevant. You always have to pay it back.
Can your insurance go after someone that damaged your car and get your deductible back?
Yes. If someone hits your vehicle and the insurance company pays for the damages, they will go after the person who was at fault for the damages paid and after they collect all the money paid out they will reimburse you for the deductible that you paid when the vehicle was repaired. The damages were paid under your uninsured motorists coverage which has at least a $250 deductible for property damage so when all the damages are recovered from the person, that will include the deductible and you will get a check back for that amount.
