Insurance deductible is known with different name in different countries like in United Kingdom it is also know as excess. But excess is not 100% similar to deductible but it works similar to it.
Auto Insurance deductible is nothing but amount that you will pay from your pocket. That means it is an amount of coverage that an insurance holder will pay from his own pocket and the rest of the coverage amount will be paid by insurance provider company.
In Auto Insurance the deductible may apply when claim arising damage of property or person injury no matter who is responsible for that accident.
This is the amount you will decide while buying insurance, the higher your deductible amount is the lower your insurance premium will be and vice versa.
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