Quote:
Originally Posted by polak
I have a deductible to pay for my insurance. I need to use my insurance to cover the deductible on the buildings insurance.
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So basically here is what could happen. You pay the deductible and the insurer will take care of the damages. If they think that Truman is liable they will subrogate (or attempt to) for the damages. Your deductible is part of that. So in the event that they recover the damages you would get that money back. If they were to admit liability sooner, the deductible could be waived.
I wouldn't plan on spending that money for Christmas or whatever because if Truman isn't willing to admit liability, it will drag on. Theoretically though, that is how things will work.
Of course if the insurer looks at things and doesn't think that they can go against Truman or their insurer for the damages, then they fix what is covered and you pay the deductible.