All About Deductibles

Do you know what deductibles are? It is also called as excess payment. It pertains to the fixed amount being paid by the policyholder every time he claims for reimbursement of repair expenses from the insurance company. Usually, the payments are handed to the company that checked and fixed your car after they release it. The excess are most likely deducted from the payment of settlement when the car is a write off.
Take note that when the other driver is at fault for the accident and the insurance company of that driver agrees, the extra payment will be shouldered by them. There is also a policy that includes coverage for the uninsured drivers.