Does the agreed price to repair take into account the insured's deductible?

In the context of auto damage appraisal, the agreed price to repair typically does not include the insured's deductible. The deductible is the amount that the policyholder is responsible for paying out of pocket before the insurance coverage kicks in. When determining the cost to repair a vehicle, appraisers focus on the actual repair costs based on estimates and assessments of the damages sustained, independent of the deductible.

When an insurance claim is processed, the insurer will deduct the policyholder's deductible from the total amount covered for repairs. Therefore, while the total repair cost is evaluated, the final payment made by the insurance company will reflect this deductible amount subtracted from the agreed price.

Understanding this distinction is crucial for appraisers and policyholders alike, as it impacts the overall financial responsibility of the insured in the case of a claim, making it clear that the repair cost assessed does not encompass any out-of-pocket expenses determined by the deductible.