Application of Deductibles Explained by Online Auto Insurance
Last month, information-services firm Quality Planning announced that an analysis of 2006-2010 American car insurance data for nearly 60 million vehicles showed many older-car owners were electing to either drop collision coverage or, if they opted to purchase such coverage, raise the deductible in order to realize premium savings. In a new FAQ published at OnlineAutoInsurance.com, the writers discuss just what deductibles are and how they are applied in the event of a claim.
Basically, a deductible is a set amount of money that a policyholder has agreed to pay for repairs ...


