What is participation fee in car insurance?

How can we
assist you?

Alfredo Rafael Dela Cruz Jr.

asked about Car Insurance

4 months ago

What is participation fee in car insurance?

317 Views 1 Answer

How can we
assist you?

1 Answer

Jarell Candillas
0
Jarell Candillas
A participation fee is the amount you pay when filing an insurance claim. The insurer covers the approved repair cost, while you shoulder the participation fee based on your policy terms.
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5 months ago