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Auto Insurance Claims/Totalled out, minus deductible

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Expert: Bennie719 - 10/30/2007


Question
After a recent accident our insurance has decided to total out our car.  It's valued at $2200.  They're paying the $2200 minus our $500 deductible, or $1700.  Is this right?  Why are they subtracting the deductible?

Answer
Hi J,
If you were at fault in the accident, you are always required to pay your deductible.  Your insurance is simply deducting it from the settlement instead of having you pay the $500 and then they pay you $2,200.
Sincerely,
Bennie 10-30-07 2:59 PM PST

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Bennie719

Expertise

I have extensive knowledge in Personal Auto, Homeowners Insurance and Personal Umbrella coverage. I am also thoroughly familiar with claims handeling procedures. Will answer questions related to the above.

Experience

Experience in the area: Served as an expert at askme.com from 7/2000 thru 10/2002 in the catagories of general insurance, auto and home insurance. Answered 422 questions before that site closed. Licensed in California since 1961, first in Life and Health for 2 + years and as a Property/Casualty Agent/Broker since 1964. I sold my business and took early retirement in 1998. Still maintain a valid California Property/Casualty Agent/Broker license. I have been a volunteer at allexperts.com since 2002. I can provide assistance in the following fields: Property and Casualty Insurance, Insurance Law, Auto Insurance Claims.

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