Coverage Details and Deductibles

Overview

This article explains the core coverage components available through carrier-issued policies accessed on the TeqMobility platform.
It also outlines deductible options to set clear expectations and prevent unsupported requests.

All coverage is subject to the terms, conditions, exclusions, and eligibility requirements set by the licensed insurance carrier.

Auto Liability Coverage

Auto Liability coverage may apply to:

• Third-party bodily injury
• Third-party property damage
  
  

Coverage applies only as permitted by the carrier-issued policy and is subject to:

• Policy limits
• Coverage conditions
• Exclusions and eligibility rules
  
  

Auto Liability does not cover damage to the covered vehicle itself.

Physical Damage Coverage

Physical Damage coverage may apply to covered vehicle losses, including:

• Theft
• Vandalism
• Collision
  
  

Coverage applies only when:

• The loss meets policy definitions
• Eligibility requirements are satisfied
• The claim is approved under carrier rules
  
  

Mechanical issues, wear and tear, and excluded losses are not covered unless explicitly stated in the policy.

Deductible Options by Vehicle Value

Deductibles are determined by the vehicle’s value and are not customizable.

Available options are:

• $2,500 deductible for vehicles valued up to $50,000
• $5,000 deductible for vehicles valued from $50,001 to $110,000
  
  

The applicable deductible is applied to approved physical damage claims.

Deductibles Not Offered

• Deductibles lower than the amounts listed above are not available.
• Alternative deductible structures are not supported under the current carrier program.
  
  

Requests for reduced or custom deductibles cannot be accommodated.

Important Notes

• Deductibles apply per covered claim.
• Deductible amounts are subtracted from any approved payout.
• Coverage availability and claim outcomes are determined solely by the carrier.
• TeqMobility does not modify deductible levels or approve exceptions.