Scenario: I pay X amount of dollars per month for car insurance. I have all 4 tires stolen from my vehicle overnight. I submit a claim with my insurance company to repair any damages. I now pay a **hefty** X amount of dollars for the event that has occurred.
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Deductibles are the actual cost of services rendered, well most of it. See we play this cat and mouse game because insurance doesn’t like to pay out so the costs billed to insurance is inflated knowing it comes down, but often enough for a lot of services the deductible nearly as much as the cash price (outside of catastrophic accidents). It’s a trick to make sure everyone is paying. And occasionally afford to pay out catastrophic accidents.
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