Which of the following is a deductible listed on the Personal Auto Policy Declaration Page?

• A. Collision Deductible
• B. Homeowners Deductible
• C. Medical Deductible
• D. Boat Deductible

Answer: (A)

On a Personal Auto Policy, the Declaration Page lists the out-of-pocket amount you must pay when a covered physical-damage loss occurs. These deductibles apply to the auto’s physical damage coverages, mainly collision and comprehensive. The only option that is actually a deductible shown on the PAP Declaration Page is the collision deductible. The homeowners deductible is for homeowners insurance, medical deductible is not a standard auto deductible, and a boat deductible would apply to watercraft coverage, not auto. For example, with a collision deductible of $500, a $3,000 repair bill would result in you paying $500 and the insurer paying $2,500 (up to policy limits).