What is an insurance deductible?

Deductibles are the total amount that the insured party must pay before the insurance kicks in. For instance, if you have a $5,000 deductible and owe $10,000 as a result of an accident, you need to pay the initial $5,000 (the deductible) out of pocket and then insurance will pay the $5,000 balance.

What is covered under an auto insurance policy?

but it typically will cover all parties involved in an accident, including pedestrians. The amount of coverage will vary from policy to policy.

Do insurance policies cover rental cars?

This will depend on the type of coverage you get, inquire with an agent to get more info.

Does my car insurance policy cover theft?

In most cases insurance will cover theft but there may be exceptions.

Can I deduct my insurance premiums on my taxes?

No, insurance payments are not tax deductible.