I have an insurance deductible question.

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Posted: Mon Oct 13, 2008 6:46 pm Post subject: response

yes sir you would still have to pay your ded. you are under contract with your insurance company where u are required to pay your ded. before your insurance carrier issues any payment...if u find someone to repair your veh for 3500, you would pay 500 and your ins co would pay 3000 _________________ Register Now to have your Insurance queries solved.

sunshine

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Posted: Mon Oct 13, 2008 8:18 pm Post subject:

Quote:

yes sir you would still have to pay your ded. you are under contract with your insurance company where u are required to pay your ded. before your insurance carrier issues any payment...if u find someone to repair your veh for 3500, you would pay 500 and your ins co would pay 3000

Sunshine...you don't actually have to PAY your deductible to the insurer...they simply cut your check for the ACV minus the deductible. You don't actually pay the insurance company anything. After the insurer cuts your check (again, minus the deductible), it is up to the insured to make up the deductible difference with the body shop. There is no requirement that the insured pay the deductible prior to the insurance company writing the insured a check for the damages @ ACV - deductible.

InsTeacher Cool

InsTeacher

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Posted: Mon Oct 13, 2008 8:23 pm Post subject:

Beat me on that one Ins. I know anytime I was cut a check for a vehicle (which hasn't been often) whether it was deer damage or what the always sent what was left after the deductible. Can't blame them...why send the insured all the oney and then wait for them to return a portian.