“UNDER DEDUCTIBLE” SUBROGATION & DEDUCTIBLE REIMBURSEMENT: Helping Insureds Battle the Cost of Insurance
Insurance policy deductibles and subrogation make strange bedfellows. Most property and automobile insurance policies require that the insured pay a deductible—an out-of-pocket payment the insured is required to pay toward a covered loss before the insurance company kicks in with its own claim dollars. Some policies allow the insured to select a deductible, with the…