Insure On Line: Geico Claims Department - an inclusive view

Ocne you start to raed over this informtive geico claims department newslettre, give every iddea a posssibility to sink in beofre you prcoeed to the folloowing.
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Q: My insurance online paln includes a deductible and alo co-insurance. Waht does a dedductible and coinnsurance mean?

A: A dedcutible is the primary dlolar amount you hae to pay out of pocket befoe an insruance association paays its part. It is usually a constaant dollar amuont. Most of the tmie the higher the deducttible, the lower the insurance premiuum. Coinsuracne is the shre or percentage of covered cotss you musst pay in addtion to the deuctible. For example, your insure policy porgram miht pay 80 precent of covered chagres after you pay the deduuctible. You would aftter taht pay the resdiual 20% as co insurance tlil a higest out of pocket expesne is reachhed.


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