How do insurance deductibles work if the insurance company directly takes the deductible amount out of claims check?

  • by iheartbats89
  • Oct 11,2017
  • 12 answers

How do insurance deductibles work if the insurance company directly takes the deductible amount out of claims check?


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Insurance Answers (12)

H. Marie 2 months ago

nothing the deductible has been taken care of

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iheartbats89 2 months ago

Why on earth does everyone feel the need to be such a jerk? Seriously I asked a simple question. No need to be a giant dick.

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greenfrogs 2 months ago

They pay you nothing until you pay the deductible

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Bostonian In MO 2 months ago

You pay it out of your own pocket to the contractor who does the work.

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Cupcake's Princess 2 months ago

What do mean "what do you do"? That's how it works. As an example, you have $4500 worth of damage and a $500 deductible, they subtract the $500 deductible from the covered damage amount ($4500) and send you a check for the difference ($4000).

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anonimitie 2 months ago

Pay the $500 deductible like you agreed.

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Andy L. 2 months ago

"$500 deductible" as in deducted (subtracted) from the settlement.
That is the amount you are responsible for.
It could not be simpler.

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Trump 2 months ago

no

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Casey Y 2 months ago

That's the first $500...so you pay whoever fixed your roof $500 and then pay them the balance from the claim check you received.
They didn't take the money out of your check, it was never there to begin with. The responsibility of the insurance company is to pay for damages in excess of the deductible, which is your portion to pay when you file a claim.
Call your agent if this explanation isn't enough for you...I just hope you aren't my client.

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Eva 2 months ago

You owe the $500 to whoever repaired it. That's the way the deductibles work. They deduct the amount you're supposed to pay from the total amount of the claim.

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David and Stephanie 2 months ago

There are 2 ways it can be handled. For example lets say you had $8,000 worth of damage and had a $500 deductible.
Option 1: The insurance company writes you a check for $7500. You're on your own to hire a contractor and find the remaining $500 needed to pay for the $8,000 repair.
Option 2: You work with the insurance company and contractor. They perform $8,000 worth of repairs, the insurance company directly pays the contractor $7500 and you pay the contractor $500.
The bottom line is that when insurance issues payment to settle the claim, they will be paying $500 less than the actual cost of the repairs.

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StephenWeinstein 2 months ago

You give the $500 (and the money from the check from the insurance company) to whomever is making the repairs.

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