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Total Loss Network / Glossary
Deductible
The portion allocated to the insured under applicable coverage. It is commonly reflected as a deduction from a claim payment rather than a reduction in the vehicle’s pre-loss value.
Why the term matters
Keep the deductible separate when comparing offers. If another party is responsible, ask about recovery and allocation rules; a refund is not automatically immediate.
A question to ask
“Where does this term appear in my report or policy, and how does it affect this specific calculation or next step?” Ask for a written explanation tied to the document.
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