What is the standard deductible under Comprehensive Coverage per car?

What is the standard deductible under Comprehensive Coverage per car?

• A. $100 per car
• B. $0
• C. $500 per occurrence
• D. $1,000 per car

Answer: (A)

Deductible is the portion you pay before the insurer starts paying for a covered loss. For Comprehensive Coverage, which protects against non-collision events like theft, vandalism, or weather damage, the standard deductible is one hundred dollars for each vehicle. This means when a covered loss occurs on a specific car, you pay $100 out of pocket, and the insurer covers the rest up to the policy limits. If you had a zero deductible, the insurer would pay more of the claim but premiums would generally be higher; a deductible of $500 or $1,000 would lower the premium but increase your out-of-pocket cost for a claim.

Deductible is the portion you pay before the insurer starts paying for a covered loss. For Comprehensive Coverage, which protects against non-collision events like theft, vandalism, or weather damage, the standard deductible is one hundred dollars for each vehicle. This means when a covered loss occurs on a specific car, you pay $100 out of pocket, and the insurer covers the rest up to the policy limits. If you had a zero deductible, the insurer would pay more of the claim but premiums would generally be higher; a deductible of $500 or $1,000 would lower the premium but increase your out-of-pocket cost for a claim.