1 / 2

Do I have to pay the deductible if it’s not my fault?

Most auto accidents result in minor injuries, but they all, by definition result in at least some property damage. Many people contact me about their accident and ask, “Do I have to pay the deductible if it’s not my fault?”

peterwilis973
Download Presentation

Do I have to pay the deductible if it’s not my fault?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Do​​I​​have​​to​​pay​​the​​deductible​​if​​it’s​​not my​​fault? Most​​auto​​accidents​​result​​in​​minor​​injuries,​​but they​​all,​​by​​definition​​result​​in​​at​​least​​some property​​damage.​​Many​​people​​contact​​me about​​their​​accident​​and​​ask,​​“Do​​I​​have​​to​​pay the​​deductible​​if​​it’s​​not​​my​​fault?” Do​​I​​have​​to​​pay​​the​​deductible​​if​​it’s​​not my​​fault? Most​​people​​don’t​​pay​​much​​attention​​when they’re​​buying​​automobile​​insurance​​online​​or from​​an​​insurance​​broker.​​The​​majority​​of drivers​​are​​looking​​for​​the​​cheapest​​insurance possible​​to​​meet​​the​​mandatory​​minimum requirements​​set​​forth​​by​​the​​State​​of​​Illinois.​​As such,​​they​​accept​​high​​deductibles​​and purchase​​inadequate​​amounts​​of​​uninsured​​and underinsured​​coverage.​​Unfortunately,​​if​​you

  2. commoditize​​the​​insurance,​​you​​may​​get​​left paying​​a​​high​​deductible​​if​​you​​are​​involved​​in an​​accident. What​​is​​a​​deductible? In​​short,​​a​​deductible​​is​​a​​specific​​amount​​of money​​an​​insured​​has​​to​​pay​​before​​the insurance​​company​​pitches​​in​​to​​pay​​for​​the damage​​to​​a​​damaged​​vehicle. For​​example,​​if​​you​​contracted​​with​​Allstate Insurance​​for​​a​​$500.00​​deductible​​and​​your​​car has​​$750.00​​in​​damage​​to​​it,​​you​​will​​have​​to pay​​the​​first​​$500.00​​before​​the​​insurance company​​pitches​​in​​the​​extra​​$250.00. Read​​More

More Related