Deductible Insurance Meaning
May 30th, 2009
Question: If your insurance deductible is higher then ur car value what happens?
Say your driving a worthless car, and the insurance deductible is lik 1000 or 2000? do you have to end up paying them back the difference if you car is worth less then that? or does that just mean they wont pay you anything because your car is worth less then the deductible
Answer: They won’t pay you anything. That’s why most people don’t carry full coverage, just liability, on older cars.
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