Car Insurance Participation Fee: Deductible and Depreciation Rate Explained
If you have a car insurance PH, it means that you are entitled to protection against covered losses in case of a vehicular accident. However, if you need to file an insurance claim, your insurer might ask you for a participation fee and might wonder what it is for. Accordingly, deductible and depreciation rates might be a confusing topic for many. If you do not have an idea about them,…