2a. what is a deductible (in auto insurance)?
2a. what is a deductible (in auto insurance)?
Answer
Brief Explanations:
In auto - insurance, a deductible is the amount of money that the policyholder must pay out - of - pocket before the insurance company starts to cover the costs of a claim. For example, if a policy has a $500 deductible and the damage to the car is $2000, the policyholder pays $500 and the insurance company pays the remaining $1500.
Answer:
A deductible in auto insurance is the amount the policyholder pays out - of - pocket before the insurance company covers claim costs.