A deductible (also known as an excess) is the portion of a claim you are responsible for paying out of pocket. The deductible amount is agreed upon when you sign your insurance contract.
If someone else is responsible for the damage, they are required to reimburse you for the deductible.
How does a deductible work?
Here’s an example:
- Your Insurance Plan: You have a Tesla Model 3 insured under a Comprehensive plan.
- The Incident: You accidentally hit a curb while parking and damage the side of your car.
- Repair Costs: The total repair cost is €1,000.
- Deductible Payment: If your deductible is €350, you will pay that amount, and your insurance will cover the remaining €650.
What is the deductible for 'other coverage' in the comprehensive insurance?
The deductible for 'other coverage' is applied to the comprehensive insurance if the damage was caused by fire/explosion, theft, glass breakage, natural disasters or collisions with animals. In case of an accident, the deductible for material damage will be applied.
Where can I find my deductible amount?
The deductible amount is stated in your insurance policy documents. For InsureMyTesla insurance, you can find all deductible details in the corresponding article or section of your terms and conditions.
Important: If you experience any situation described in this article, you should always fill in the online claim form, even if you're unsure about your eligibility. This ensures that your claim is properly recorded and processed.