What is a deductible?
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The deductible is your responsibility for any covered loss to the bicycle. If your deductible is $200 and your bicycle has $2,000 in covered damages then you would pay $200 and your policy would pay $1,800. If the damage to your bike is less than the deductible there is no claim to the policy and the repair cost is your responsibility. The policy deductible is applied to each and every loss.
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