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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.
Deductible. A deductible is a minimum amount which must be paid out of pocket before the insurance kicks in. So for example, if the deductible on a plan is $100, the individual would have to pay the first $100 out of pocket before the insurance would cut down any additional costs. The second consideration is the co-pay. After the deductible is met, the insurance will cover a portion of the bill, and then the patient is responsible for paying the remainder of that bill. The patientâs portion of the final bill is called the co-pay.