Sorry if this is a stupid question, I've never made a claim myself, so I'm not sure how this works. The last claim made for a car I drove was 13 years ago when I was 17 and my parents handled that.
Some may remember this thread about my new car getting keyed. Well yesterday the insurance guy came to look at it, and did an estimate for $826. Since I haven't picked a body shop yet, they said they are sending me the check for $826. So I bring this check to a body shop to get it repaired. Say they estimate the real cost of the repair is $926, I pay this $100 difference? Who do I pay my $500 deductible to? Or is this $100 difference considered part of the deductible?
I guess what I'm confused about is the $500 deductible. I always thought that was what I paid, and then the insurance company covers whatever over that amount. Or is it that they've already taken the $500 out of the $826 they gave me, and the actual cost is going to be around $1326?
Some may remember this thread about my new car getting keyed. Well yesterday the insurance guy came to look at it, and did an estimate for $826. Since I haven't picked a body shop yet, they said they are sending me the check for $826. So I bring this check to a body shop to get it repaired. Say they estimate the real cost of the repair is $926, I pay this $100 difference? Who do I pay my $500 deductible to? Or is this $100 difference considered part of the deductible?
I guess what I'm confused about is the $500 deductible. I always thought that was what I paid, and then the insurance company covers whatever over that amount. Or is it that they've already taken the $500 out of the $826 they gave me, and the actual cost is going to be around $1326?