Hi!
I m not really sure if I understand this but I just received a letter from my insurance company after filing a claim that says that:
Your hurricane deductible in the amount of $4760 has been applied to your payment.
Does this mean that I have to pay $4760 now?
Hurricane Deductible?
2017-12-02 1:56 pm
回答 (3)
2017-12-02 2:02 pm
Deductible means the amount which is not payable. Say for example your claim amount which is payable is $ 100 and deductible is 5% , it means you wont get back $5 but you will be paid $ 95.
Hope it makes you understand. To make it even more simpler , $ 4760 is recovered and retained by the Insurance Company as per terms of policy and the balance amount is paid to you.
Hope it makes you understand. To make it even more simpler , $ 4760 is recovered and retained by the Insurance Company as per terms of policy and the balance amount is paid to you.
2017-12-02 9:21 pm
It means that you pay the first $4760 of the claim for damages and the insurance company pays any excess.
2017-12-02 2:34 pm
That means your insurance company doesn't have to pay you for that much of your loss.
收錄日期: 2021-04-24 00:51:50
原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20171202055631AATXUvU