BUSINESS

Why must I pay two deductions?

You pay one deductible for every case, except you should pay one each time you make a case during a strategy term.

It will be considered two separate incidents if you experience bad luck and experience two separate but unrelated events in succession.

Even if the cause of each claim is the same, you will only have to pay once for each incident.

The only way to avoid paying two deductibles is to demonstrate that the events were connected to one another or were the result of one another.

For example, if a storm damages both your home and car, you can avoid paying both deductibles.

If you incur a cost that could have a negative financial impact on you, you are asking the company to “have your back.” In return, you agree to pay the first part of the costs if the insurer agrees to cover you.

You will select your deductible after reviewing the available plans. Based on how much risk you are taking on, the agent tells you how much the company will charge you.

Also Read  The What's the Contrast Between a CDW and a LDW?

Leave a Reply

Your email address will not be published. Required fields are marked *