What does the car insurance deductible mean, what does the absolute deductible for car insurance mea

The deductible is the amount of the deductible. It refers to the amount of loss agreed in advance between the insurer and the insured, the insured shall bear the loss by himself, and the insurer shall not be responsible for compensation. Because deductibles eliminate many small claims, the cost of loss claims is greatly reduced, which can reduce the operating costs of the insurance company and the premiums paid by the insured.

So deductible clauses are widely used in property, health, and car insurance.

What does the deductible mean in insurance.

Absolute deductible for car insurance.

It refers to the deductible limit in which the insurer is absolutely not liable for losses below the agreed amount.

When the loss of the insured object exceeds a certain amount or ratio, the insurer shall be liable for the excess part. For example, the absolute deductible is 10,000 yuan, and losses of 10,000 yuan and below will not be compensated.

Relative free odds filial piety and forgiveness means that the insurance company believes that it is inevitable that certain fragile and short quantities of goods will suffer a certain percentage of losses during transportation, so the insurance of such commodities stipulates that the broken or short amount within a certain percentage range can be exempted, and the percentage is the free odds. When the actual loss ratio of the insured goods exceeds the prescribed deductible odds, the insurance company will only be liable for the excess part, and the ratio of such compensation is called the absolute deductible odds.

The relative deductible rate refers to the loss of the subject matter of the insurance as long as it reaches the score specified in the policy.

, the insurance company will pay the full compensation without any deduction.

The car insurance deductible is the amount of the insurance company's deductible. In the event of a traffic accident in which the insured incurs compensation, if the amount of loss of the insured is within the prescribed amount, then the insured will bear the loss by himself, and if the amount of loss exceeds the prescribed amount, then the insurance company will pay the compensation.

What is the coverage of compulsory liability insurance?

1. Death and disability compensation. Funeral expenses, death compensation, transportation expenses incurred by the victim's relatives for funeral matters, disability compensation, disability assistive device expenses, nursing expenses, ** expenses, transportation expenses, living expenses of dependents, accommodation expenses, and lost work expenses;

2. Compensation for medical expenses. Medical expenses, diagnosis and treatment expenses, hospitalization expenses;

3. Property damage compensation items. Direct property loss is a direct impairment of property interests caused by road traffic accidents.

Legal basis: Article 39 of the Regulations on Compulsory Insurance of Motor Vehicle Traffic Accident Liability.

If the owner or manager of the motor vehicle fails to purchase compulsory insurance for motor vehicle traffic accident liability in accordance with the regulations, the traffic management department of the public security organ shall detain the motor vehicle, notify all Qingyuan people and managers of the motor vehicle to take out insurance in accordance with the regulations, and impose a fine of twice the insurance premium that should be paid in accordance with the minimum liability limit for insurance in accordance with the regulations.

Where the owner or manager of a motor vehicle applies for compulsory insurance for motor vehicle traffic accident liability in accordance with regulations, the motor vehicle shall be returned in a timely manner.

Article 40. If the motor vehicle driving on the road is not placed with an insurance sign, the traffic management department of the public security organ shall detain the motor vehicle, notify the party concerned to provide the insurance sign or go through the corresponding procedures, and may be given a warning or a fine of not less than 20 yuan but not more than 200 yuan.

If the party concerned provides the insurance mark or goes through the corresponding formalities, the motor vehicle shall be returned in a timely manner.

1. Exemption means no compensation;

2. Different insurances have different exemptions;

3. Exemption often appears in reimbursement and proportional compensation;

4. There is no deductible for critical illness, disability, life insurance, and savings insurance;

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The absolute deductible for each accident means that in the insured event, the absolute deductible means that the losses within the deductible are the responsibility of the insured, and the insurer is only responsible for the amount of compensation that exceeds the deductible and is within the compensation limit. In this case, there will be an absolute free amount (generally 10%), once this situation means that your final claim amount is insufficient, you need to deduct the free amount and this amount must be deducted.

Absolute deductible refers to the deductible limit specified in the insurance contract that the insurer will never be liable for losses below the agreed amount. When the loss of the subject matter of insurance occurs, it must exceed a certain amount or ratio before the insurer is liable for compensation for the excess part, and the insurer will not compensate if the loss is below the prescribed limit.

What does the deductible mean in insurance.

The deductible means the amount of the deductible. It mainly refers to the amount of loss agreed by the insurer and the insured in advance, the amount of loss is within the specified amount, the insured bears the loss by himself, and the insurer is not responsible for compensation. Deductible clauses are widely used in property, health, and auto insurance.

Insurance products with deductibles are often more cost-effective, which can reduce the insured's premium expenses to a certain extent, and the losses within the deductible are borne by the insured.

1. Exemption means no compensation;

2. Different insurances have different exemptions;

3. Exemption often appears in reimbursement and proportional compensation;

4. There is no deductible for critical illness, disability, life insurance, and savings insurance;

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How to manage the financial management of the salaried layer has been launched, log in to the space to view!