In the insurance world, a “deductible” is the amount that you agree to pay the insurance company before your benefits start up after you file a car accident claim. Once this amount has been paid, your insurance company should pay the remaining amount of your claim up to the limits of your policy.
Deductibles are not associated with every kind of car insurance coverage. For example, liability coverage is deductible-free. If another driver hits you and you make a claim against their liability coverage, you will not need to pay a deductible. The same is true if you hit another driver and they make a claim against your liability coverage. The insurance company would pay for damages (property damage and bodily injury) up to the at-fault person’s maximum policy limit.
However, full coverage is different. For example, if you use your physical damage insurance overage (collision and comprehensive) to make a claim, then you will probably need to pay a deductible, whether you are at fault for the accident or not. If you are not at fault for the accident and you do not want to pay any deductible, you will need to make a claim through the at-fault driver’s property damage liability coverage. If you go through your own collision insurance, the deductible will be due.
If you have been injured in a car accident in Houston or Beaumont, Texas and want more information about your rights, please contact Malley Law Firm today to schedule a free case evaluation with an experienced Houston car accident lawyer.
