What is Deductible?
Definition. The amount of a covered loss you pay before the insurer pays anything, subtracted from the claim payment. Many Georgia homeowners policies carry a separate deductible for wind and hail. Georgia law prohibits contractors from paying, waiving or rebating your deductible.
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What is the difference between ACV and RCV on a roof claim?Actual cash value vs replacement cost value on a Georgia roof claim, with a labeled example showing depreciatiCan a roofer pay or waive your insurance deductible in Georgia?Georgia law bans contractors from paying, rebating or waiving your deductible. The statute, the fraud risk, thHow do I spot a storm chaser roofing scam in Georgia, and what are my rights?Storm chaser red flags, what Georgia licenses for roofers, the deductible rebate ban, and your right to cancel
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More claim terms
Supplement · Creased shingle · Replacement cost value (RCV) · Square · Mitigation · Desk adjuster · Peril · Bad faith