What is deductible reimbursement?

Q: What is deductible reimbursement?

Deductible Reimbursement is a voluntary protection product that helps reimburse all or part of a policyholder's eligible auto insurance deductible after a covered claim is paid by their primary insurance carrier. Reimbursement is provided according to the agreement's terms, conditions, coverage limits, and exclusions, helping reduce out-of-pocket repair costs.

Deductible Reimbursement

Insurance

Deductible Reimbursement is a voluntary protection product that helps reimburse all or part of a policyholder's eligible auto insurance deductible after a covered claim is paid by their primary insurance carrier. Reimbursement is provided according to the agreement's terms, conditions, coverage limits, and exclusions, helping reduce out-of-pocket repair costs.

Deductible Reimbursement helps drivers reduce out-of-pocket expenses after a covered auto insurance claim by reimbursing eligible deductible costs.

Why it matters for financial institutions

Deductible Reimbursement enhances the value of auto lending programs by helping borrowers manage unexpected repair expenses after a covered loss. For financial institutions, it improves the customer experience, strengthens long-term relationships, generates non-interest income, and complements a comprehensive suite of vehicle protection products.