In TX: Automobile insurance is offered by Travelers Texas MGA, Inc. Insurance is underwritten by The Travelers Indemnity Company and its property casualty affiliates, One Tower Square, Hartford, CT 06183. Discounts may not apply to all coverages and/or vehicles. Not all features available in all states. Coverage options, limits, discounts, deductibles and other features are subject to individuals meeting our underwriting criteria and state availability. You should read the policy for a complete description of coverage. Nothing on this site alters the terms or conditions of any of our policies. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Any description of coverage is necessarily simplified. The information on this site is general in nature. In CA, quotes for all products must be obtained through a local independent agent. *Quotes may not be available in all states or for all products. Talk to your Traveler's representative or independent agent, about the best way to cover your vehicle. There are many options around car insurance deductibles. For example, if you get into three accidents in a policy period and have a $500 deductible, you'll typically be responsible for $500 for each claim. Car insurance deductibles apply to each accident you're in. There are no deductibles for liability insurance, the coverage that pays the other person when you cause an accident. There are also some other things to know about deductibles. Comprehensive-this coverage helps pay for damages that are not caused by a collision, like fire, theft, or weather. Collision-this coverage helps pay for damage to your vehicle if it hits another car or object or is hit by another car. You're responsible for the first $1,000 of damages and your insurance company is responsible for the other $1,000 of covered damages.Ĭollision and comprehensive are the two most common coverages with a deductible. But what is a car insurance deductible and how does it work? Generally, a deductible is the amount you're responsible to pay when a covered loss occurs.įor example, say you have a $1,000 deductible but have $2,000 in covered damages. SPEAKER: What's a car insurance deductible and how does it work? Car insurance deductibles-they're a consideration when you're choosing insurance for your vehicle. Navigating Your Business Through COVID-19.
1 Comment
9/27/2023 05:03:16 am
This auto insurance article is a true lifesaver for anyone navigating the complex world of vehicle coverage. It breaks down the intricacies into easily understandable information, making it a valuable resource for making informed decisions. Thanks for shedding light on this essential topic!
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