A deductible is the amount that you need to pay when you experience a covered loss. Bear River Mutual then covers the remaining expenses up to the applicable limit(s) as stated in your policy.
Example:
You have covered expenses that are $2,500. You have a $1,000 deductible. You will be responsible for paying $1,000, and Bear River Mutual will cover the remaining $1,500/
At Bear River Mutual, deductibles apply to comprehensive and collision coverage in our automobile insurance policies.
- Comprehensive coverage: This coverage protects against events that are mostly beyond your control, like a stolen vehicle or a tree falling on your car.
- Collision coverage: This coverage protects you towards incidents that typically result from driver error, even if it’s the fault of the other driver.
If you are not at fault, you have the option to file a claim through the at-fault driver’s insurance company, or file through your policy at Bear River Mutual.
If you file through your policy at Bear River Mutual, you will be responsible for your deductible payment upfront. This can speed up repairs or other processes. We will then attempt to recover and reimburse your deductible amount by the at-fault driver insurance, but that can sometimes be a lengthy process. Or you can wait for the at-fault insurance company to work with you on the claim.