who pays the deductible on my insurance?

by saveassolution » Mon Apr 13, 2009 01:39 pm

If I am in an accident and it is not my fault, who pays the deductible on my insurance?And what is subrogation?Thanx

Total Comments: 10

Posted: Mon Apr 13, 2009 03:24 pm Post Subject:

look it is not u who decides who was at fault....... well it is u who will pay the deductibles..some %age of the claim ...remember the bigger the deductible, the lower the premium charged for the same coverage.

subrogation is the process by which an carrier , after paying a loss, can recover the amount of the loss from another party who is legally liable for it.

Posted: Tue Apr 14, 2009 01:16 am Post Subject:

If it's your fault in the accident- you pay your collision deductible. :cry:

If it's the other guy's fault, and he is insured, he will pay for the damage to your car and you won't be responsible for the deductible. :)

If it's the other guy's fault and he doesn't have insurance, your policy would pay if you have the proper coverage either under (1) Uninsured Motorist Property Damage (UMPD) which has a deductible ($2-300) or (2) in the absence of UMPD- your collision coverage will pay and it also has a deductible.

If you have liability only coverage without UMPD (which is optional in just about every state), you're, unfortunately, out of luck. Your only recourse would be to sue in civil court. :cry:

Subrogation was properly explained by Superagent above.

InsTeacher 8)

Posted: Tue Apr 14, 2009 06:54 am Post Subject:

the person who is responsible for the accident he must pay you for the your damage. If your car insured with auto insurance & you have health insurance policy they will pay you if your car damaged & you injured.
If you have not fault in the accident & they will enquirer in hard.

Posted: Tue Apr 14, 2009 10:12 am Post Subject:

Save, as the other posters have said.....you aren't required to pay a dime if you are not at-fault and pursuing the case with the responsible driver's insurer. But if you decide to turn to your insurer instead, then you'd have to pay the deductible for the collision coverage since this is the share of the damage you have promised to pay for when purchasing the policy.

However, your carrier is likely to recover the amount they have paid towards your claim along with the deductible paid by you from the responsible driver’s insurer. And, that's called subrogation.

Hope it clarifies.

~Jeremy

Posted: Wed Apr 15, 2009 01:51 am Post Subject:

Just one more thought on this. If your carrier has to pay and you have to fork out the collision deductible and then your insurer successfully subrogates against the at-fault party, most states have rules that will require your insurance company to reimburse you for your deductible based on the "first"dollars that your insurer collects.

So, if you have a $500 collision deductible or have to pay the UMPD deductible, and your insurer collects from the other guy- they have to pay you back your deductible first, and then they get what's leftover. :D

InsTeacher 8)

Posted: Wed Apr 15, 2009 10:06 am Post Subject:

If it's the other guy's fault, and he is insured, he will pay for the damage to your car and you won't be responsible for the deductible



So, if the other guy has to pay for 80% of the damages, does that mean the OP would be responsible for 20% of the deductible!

Posted: Wed Apr 15, 2009 04:16 pm Post Subject:

Your talking "contributory negligence" here, and that's unlikely. The insured should not have to pay anything toward the loss if the other party is liable.

InsTeacher 8)

Posted: Thu Apr 16, 2009 05:10 am Post Subject:

So, if the other guy has to pay for 80% of the damages, does that mean the OP would be responsible for 20% of the deductible!



I think the question of deductible doesn't arise in case of a third party claim. If you are hit by an insured driver, his insurer would pay for the damages caused to you by their insured. And, you aren't required to contribute any percentage towards the claim.

The concept of deductible is attached to the collision and comprehensive part of the auto policy.

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