What is a Deductible | What County

What is a Deductible

A deductible or excess (SB for short) is called the share of ownership that a person has to pay in a claim. SBs are installed in many insurance contracts to reduce the contribution. There are different types of SBs. The first division is made in percentage SB, so in short:
if you have a claim and the insurance has a percentage SB, then you pay e.g. 10% of the damage amount yourself. In addition, there is the contractually stipulated SB as a sum, e.g. 150 € in the partial comprehensive insurance.

What is a Deductible
What is a Deductible

The further classification of the SBs is whether it is paid per claim, which is often the case in legal expenses insurance, or whether it is an annual SB, as with private health insurance (PKV). If you have an annual SB, this means that all invoices up to the quantified sum must be paid by yourself and only if the amounts exceed the SB, you can submit these costs to the PKV.

What needs to be considered?
Not all insurance companies make sense with an SB. Private liability insurance is definitely one of these insurances, since the contribution is already very low anyway and a contract with SB would have only small price advantages.

However, with other insurance companies, you should definitely consider whether you want to have an SB or not, such as with legal expenses insurance. An insurance that you may only take out in case of an emergency and do not need it for years. An SB then makes sense, since the insured saves a lot of money every year and then only pays the deductible out of his own pocket for a benefit case with high court and lawyer’s fees in this case. – The prerequisite that this is worthwhile is, of course, that you do not actually have many claims.

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