What is deductible ?

This is part of payment for not routine, special services, to be paid by an accident under the terms of their insurance policy. For example, if you ask your dealer, you only pay 10 to $ 40 per visit (this is called co-payment), everything else will cover your insurance. If you get into an accident and will have to do tests, or to invite an independent expert, then you have to pay and deductible. This amount was discussed and fixed in your insurance policy. In a variety of plans, he can range from $ 250 to 500, 1,000, 1,500, 2,000, 3,000, 5,000 dollars or more. After payment, there is also a co-insurance. Your own particle, you pay in person. For example, 80% pays the insurance company and 20% - your payment to the particle. There may be other variants of the relations, in particular, 100%, 90%, 80%, 70%, 60%, 50%, which pays for the insurance company and another part of the insured person pays.


 Because our own interest particle is limited to a certain quota of 1,000, 2,000, 3,000 or 5,000 dollars, followed by a 100% paid directly to the insurance company, as usual, to 2, 3 or 5 million dollars in accordance with the plan. For example: PPO with $ 500 deductible, co-insurance: 80/20%, where your particle is 20%, but those 20% can not be more than $ 2000. These provisions are also enshrined in the policy.
Now imagine that you receive a bill for 40,500 dollars. You pay your $ 500 deductible, and a final payment of your bill is $ 40 000.Now from the 40,000 who left to pay, you have to pay your own particle (co-insurance) at a rate of 20%, which would be 8000 dollars, of which you have to pay 2,000 dollars (because your 20% can not exceed 2000 dollars). In the end, you have to pay 2,500 dollars and insurance company 38 thousand dollars. Different insurance companies have a variety of NETWORK, and it is very important to you in choosing the best web NETWORK-insurance company in individual plans.
Now we give some explanations to the part of your plan, where we discuss the conditions cover the cost of your car in case of theft.They zzavisyat on whether you buy a "Generic" or "Brand Name" Most plans pay for the medicine, and your part payment will be from 10 to 20 dollars.
What could be the reason that the insurance company refuses to pay? First of all, at the conclusion of insurance agreements you have not specified the acquisition of additional akssesuarov the vehicle (for example, have done tuning the car). Do not want much to describe all the advantages and disadvantages of insurance, as this inexhaustible subject. If you have questions about this, was pleased to answer them.