Deductibles, Exclusions, Costs above Limitation

by: Djai Tanji

It would be quite ideal that the auto insurance company will pay for everything but unfortunately, that is not the typical scenario. There are some things you will be needing to cover yourself. DEDUCTIBES is the amount of money that you have agreed to pay out of your own money before your insurance coverage settles in. EXCLUSIONS are the events or situations that your policy particularly leaves out from coverage like property damage or personal injury you purposely cause to others, or damage to your own car because or mechanical failure. COSTS ABOVE LIMITATIONS are any expenses for which you are liable that exceed the caps on the dollar amounts of coverage you are allowed to receive under your policy.