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Subject:	Unless a deductible means something different in Canada
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Date:	Sat, 03-Nov-2012 11:28:47 AM PDT
Where:	SoapZone Community Message Board
In topic:	~~~~~~~~~~~~~~Weekend Chit-Chat~~~~~~~~~~~~~~~ posted by Leia
In reply to:	Yes. It's act of God here in Canada too. posted by StarryDreamer

A deductible is how much you have to pay. Lets say you have a $500 deductible on an accident/liability for your car insurance. If the cost to fix the car is %1500, you would pay $500 of it and the insurance would pay $1000.

THe same on your home insurance. We had hail damage and had to fix our roof. It cost about $6000, Our deductible was $1000 on the home. So we paid $1000 and the insurance paid $5000.

Other than that I agree, insurance is hard to understand.

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Unless a deductible means something different in Canada