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Old 10-05-2015, 08:49 PM
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Randy Randy is offline
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Join Date: May 2009
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From NAR website.

"3.What are the deductibles for the insurance?

The NAR policy has a $5,000 deductible per Bodily Injury & Property Damage Claim. Members are personally responsible for payment of the first $1,000 of the deductible. If a member is responsible for more than one claim in any NAR policy period, they will be responsible for the entire amount of the NAR deductible. In the event of a claim filing, failure to pay the deductible may be cause for the loss of membership benefits."


It says there is a 5,000 deductible - but the member is only responsible for $1,000. If there is more than 1 claim the member is responsible for $5,000. I assume on the first incident NAR pays the remaining $4,000.

Big difference between 1st & 2nd incident. So, do they really need $1000 or $5,000?

Randy
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