What is the standard deductible under Comprehensive Coverage per car?

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Prepare for the Florida Claims Adjuster (6-20) Test. Use flashcards and multiple choice questions, with hints and explanations for each question. Ace your exam!

Multiple Choice

What is the standard deductible under Comprehensive Coverage per car?

Explanation:
Deductible is the portion you pay before the insurer starts paying for a covered loss. For Comprehensive Coverage, which protects against non-collision events like theft, vandalism, or weather damage, the standard deductible is one hundred dollars for each vehicle. This means when a covered loss occurs on a specific car, you pay $100 out of pocket, and the insurer covers the rest up to the policy limits. If you had a zero deductible, the insurer would pay more of the claim but premiums would generally be higher; a deductible of $500 or $1,000 would lower the premium but increase your out-of-pocket cost for a claim.

Deductible is the portion you pay before the insurer starts paying for a covered loss. For Comprehensive Coverage, which protects against non-collision events like theft, vandalism, or weather damage, the standard deductible is one hundred dollars for each vehicle. This means when a covered loss occurs on a specific car, you pay $100 out of pocket, and the insurer covers the rest up to the policy limits. If you had a zero deductible, the insurer would pay more of the claim but premiums would generally be higher; a deductible of $500 or $1,000 would lower the premium but increase your out-of-pocket cost for a claim.

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