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Disappearing Deductible

What Does Disappearing Deductible Mean?

Disappearing deductible is a feature of some car insurance policies. This allows the deductible to diminish or vanish over time if no claims are filed. This aspect rewards policyholders who maintain a safe driving record.

 

By reducing or eliminating the deductible, policyholders benefit by having to pay less out of their own pocket in the event of a demand.

 

It is important to note that the exact conditions of the disappearing deductible, including vanishing deductible, diminishing deductible, or comprehensive and collision deductible, may vary depending on the insurance company and the specific policy.

What is Disappearing Deductible Coverage at PSIC?

At PSIC, disappearing deductible coverage provides a unique benefit for you, where your self-insured retention can decrease or even disappear over time as long as you keep a clean driving record with no accidents or traffic violations. This applies to Motorcycle insurance.

 

This optional endorsement serves as a reward for responsible driving behavior and can result in substantial savings in the event of a claim, reducing your financial responsibility in the form of a lower or eliminated deductible.

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