Posts from March 2017

Disappearing Deductible???

A disappearing deductible is a relatively new concept in insurance. So what is it exactly? Glad you asked. For every year you have a clean year of driving your insurance company may add a $50 credit towards your deductible. you would need collision or limited collision to qualify for this credit.

Mapfre Insurance offers this credit up to a total of $300.  If you got into an accident and had a $500 deductible you would only have to pay $200 for your deductible. The credit then goes away until you have another incident free year of driving accumulating $50 a year.

Not all insurance companies offer this and some companies actually charge for it. With Mapfre Insurance this is a free benefit.

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages available to you. Always consult your policy for actual coverages and exclusions.