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There are generally no deductibles for the liability portion of a homeowners or auto insurance policy. Instead, the deductibles apply to property damage. So, on in an auto policy, there is a deductible for the optional comprehensive or collision coverage, but not for the liability portion.
Your deductible has a direct impact on whether you should submit your claim or not. A quick review â¦ Your deductible is the amount you pay out-of-pocket toward the amount of your loss. The insurance company then pays the balance.For example, letâs say you suffer $3,000 of damage to your home under a covered claim. And letâs say your deductible is $1,000.In this case you pay $1,000, and your insurance company pays the remaining $2,000.Clearly, if the amount of your loss is less than your deductible thereâs no point to submitting your claim.our deductible has a direct impact on whether you should submit your claim or not. A quick review â¦ Your deductible is the amount you pay out-of-pocket toward the amount of your loss. The insurance company then pays the balance.