What is the deductible for collision or comprehensive coverage in the rental vehicle coverage of the RoadStar Package?

Prepare for the IBABC Automobile Insurance Exam with our multiple choice questions with explanations and hints. Study effectively with our engaging quizzes and ensure you're exam-ready!

The deductible for collision or comprehensive coverage in the rental vehicle coverage of the RoadStar Package is set at $300. This amount is established to balance the cost of insurance with the need to protect policyholders in the event of an incident involving a rental vehicle. The deductible represents the portion of a covered loss that the insured must pay out-of-pocket before the insurance coverage applies.

In the context of automobile insurance, that $300 deductible can be considered a reasonable figure that provides enough financial support in coverage while still ensuring that the policyholder retains some responsibility for small incidents. Understanding this deductible is essential for policyholders when considering their coverage options, as it affects the overall cost of their insurance and the amount they would pay in the event of a claim for damage to a rental vehicle.

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