Sentence Examples

  • However, keep in mind that if you do try to increase your deductible as much as possible, you'll need to have enough cash on hand in the case of a major emergency so that you can actually pay for damages up to the amount of your deductible.
  • For example, if there is $400 worth of repairs needed for your car after an accident, and your deductible is $500, you are responsible for the full amount of the repairs because the total amount of the claim did not exceed the deductible.
  • The customer receives a $100 discount off the cost of his or her collision deductible when the policy is issued and a further $100 is taken off the deductible each year that the policyholder remains accident-free, up to a maximum of $500.
  • By raising your deductible, your insurance company will lower your car insurance rate since you are taking over some of the burden, but be careful not to make a deductible so high that you can't afford it in the event of an accident.
  • If you wanted to buy a catastrophic plan only for your car insurance and you are disappointed to find out you can't, the best thing to do is to buy the required liability coverage while setting your deductible as high as you can.