A new Mobile Insurance program benefit called Declining Deductible is being provided at no additional cost. Customers will be rewarded with a discount off the standard deductible for the number of months that their mobile number is enrolled and claim-free.
|Length of Enrollment in MI||Claim-Free||Discount off Standard Deductible for Claims Filed on or after August 1, 2014|
|Six consecutive months||Yes||25%|
|12 consecutive months||Yes||50%|
The date of loss determines the eligibility for the Declining Deductible discount per table below.
Declining Deductible does not affect the Mobile Insurance monthly premium charge of $6.99 per month per mobile enrolled.
|New Deductible After Discount|
|Standard Deductible||At Six Months Since Incident Date of Last Approved Claim||At 12 Months Since Incident Date of Last Approved Claim|