HDI reduced deductible insurance: how does it work?

Have you heard about HDI reduced deductible insurance? Want to know how it works? Then read this article and learn everything about HDI Seguros' reduced deductible.

If you have been researching insurance and deductible values, you may have heard or seen something about the HDI reduced deductible insurance. However, you may not know exactly what it is or how this service works.

In this article, you will be able to better understand how HDI reduced deductible insurance works and what are the main advantages of taking it out.

Learn more about HDI reduced deductible insurance

One of HDI's main distinguishing features is that its general clauses are very clear and easy to understand. A good example is the explanations about the deductibles, which, according to the website, are mandatory whenever the insurance is used to repair the car. They are only exempt in cases of total loss or theft, without the recovery of the vehicle.

Likewise, for each isolated event, a deductible will be charged. Different events with independent causes will always result in separate deductibles.

In addition to the clear explanations of the general clauses, it is also important to highlight the types of franchises offered by HDI, which are three:

• Basic franchise: also known as the standard deductible. It is calculated according to the vehicle model, and the other deductible options are calculated based on it.
• Reduced franchise: In general, it is always half the normal deductible. In other words, if the basic HDI deductible costs R$1,000.00, the reduced HDI deductible will be R$500.00.
• Optional franchise: In this option, the deductible is always higher than the basic deductible. It is generally calculated as twice the same. In other words, if the basic deductible is R$1,000.00, the optional deductible will cost R$2,000.00.

It should be noted that the reduced HDI deductible has a higher insurance policy value. The optional deductible, on the other hand, has a more affordable value.

HDI is known for having good prices for low deductible insurance. However, this can change depending on the vehicle model. Therefore, it is always a good idea for consumers to check all the available options and compare the deductibles so that they can find the one that best fits their needs.

If, in the case of comparison, for example, between the normal and reduced deductible, the price difference is small, it is most recommended that the HDI reduced deductible insurance be chosen.

In addition to these three options, HDI Seguros Reduced Deductible Insurance also offers a difference in relation to the normal and reduced deductibles. By opting for the Reduced Deductible, the insured is exempt from paying the deductible in the first claim and, in the event of a second claim, the client will pay the reduced deductible, which is on average 50% cheaper than the normal deductible.

When purchasing Normal Franchise Insurance, the insured is exempt from paying the deductible in the first claim and, in the event of a second claim, the client will bear the normal deductible stipulated in the policy.

If you are interested in checking whether insurance companies are complying with Susep (Superintendence of Private Insurance) rules, visit the entity's website.

*This text is editorial content and does not guarantee the commercialization of this product on this website.