 Deductible, WTF is it? |
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| zeekman914 |
 May 8 2005, 03:53 AM
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#1
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Member  Group: Members Posts: 67 Joined: 1-December 04 From: Arcata, CA Member No.: 3,202  |
what the hell is a deductible and would you own the car if you payed it?
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| GWN7 |
May 8 2005, 04:02 AM
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#2
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King of Road Trips Group: Members Posts: 6,280 Joined: 31-December 02 From: Winnipeg, MB, Canada Member No.: 56 Region Association: Northstar Region |
A deductable is usually stated on a insurance pollicy. You pay the first X amount of $$ of the damages done to something you own. You can get different amounts of deductable on a policy.
Who is asking you to pay the deductable? |
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| xsboost90 |
May 8 2005, 07:28 AM
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#3
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Senior Member Group: Members Posts: 1,393 Joined: 2-August 04 From: cincinnati Member No.: 2,432 |
yeah like when someone decided to bust out the window on my old eclipse, i had a $500 deductable, so anything over 500 they would cover but the first 500 is up to me, so i paid the 300 to have the window replaced. I called them and said i want my deductable to be 100-so theyll cover anything over 100- they said ok but now my prices went up a dollar a month or something. (IMG:http://www.914world.com/bbs2/html/emoticons/beer.gif)
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| Unclerichy |
May 8 2005, 08:50 AM
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#4
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Don't touch my member! Group: Members Posts: 25 Joined: 12-July 04 From: Van Nuys, CA Member No.: 2,341 |
It's a way, supposedly, for insurance companies to keep your premiums down and also cuts down on the number of (smaller amount) claims they have to process.
(IMG:http://www.914world.com/bbs2/html/emoticons/unsure.gif) |
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