What is a deductible?

What is a deductible?

A deductible is the amount you pay before your insurance plan’s benefits begin or according to the policy’s terms and conditions.


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    • How much can you get from your own damage insurance?

      The coverage will depend on your vehicle’s fair market value or FMV. It also usually comes with a deductible or a sum of money you pay as a participation fee in the claim.
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      Malicious damage caused by owners or members of his/her family Accidents that happened outside of the Philippines Losses within the policy deductible Incidents caused by overloading Losses due to natural disasters unless your have Acts of Nature ...