How does the deductible affect my auto insurance claim?

On Behalf of | Aug 28, 2019 | Motor Vehicle Accidents |

After an accident in Kentucky, your main priority is likely to be getting things back to normal. When you have a damaged car or medical bills piling up, this can be tough to do. Insurance should help you pay for your losses, but it can take time. This is also true if your insurance company is paying for the damages. One thing that could hold the process is your deductible, which is the amount of money you must pay before the insurance pays anything.

Esurance explains that you need to pay your deductible in most accident scenarios before the insurance pays you anything. Of course, there are exceptions. For example, if this is a case where you were in an accident with someone who is underinsured or not insured, then you may have a deductible waiver and not have to pay anything. Also, if your car is a total loss, the company will sometimes take your deductible out of your settlement, so you really do not have to pay anything out of your pocket.

Typically, though, the insurance company will not cut you check for anything until you pay the deductible. This is especially true if your vehicle needs repairs.

If you are not at fault, your insurance company may go ahead and cover the costs for you so you can get back on the road. This often happens if the other insurance company is taking too long to settle. You usually will have to pay your deductible, but once the other company issues payment, you will get your deductible back. This information is for education and is not legal advice.