Common use of Reducing DEDUCTIBLE Clause in Contracts

Reducing DEDUCTIBLE. In the event that YOU purchased the Reducing DEDUCTIBLE option, the DEDUCTIBLE will be one of the following as shown on the DECLARATION PAGE of this AGREEMENT: a. Five hundred dollars ($500) for the first ninety (90) days of this agreement; b. Five hundred dollars ($500) for the first one hundred eighty (180) days of this agreement; c. One thousand dollars ($1,000) for the first ninety (90) days of this agreement; On the first day immediately following the Reducing DEDUCTIBLE period as shown on the DECLARATION PAGE, the DEDUCTIBLE will reduce to the DEDUCTIBLE as shown on the DECLARATION PAGE. 1. FOR REPAIR COSTS OR EXPENSES REPORTED OR MADE AFTER THE EXPIRATION OF THE TERM OF THIS AGREEMENT OR NOT AUTHORIZED BY THE ADMINISTRATOR; 2. FOR REPAIR COSTS OR EXPENSES FOR PRE-OWNED VEHICLES OUT OF THE MANUFACTURER WARRANTY INCURRED WITHIN THE FIRST THIRTY (30) DAYS AND ONE THOUSAND (1,000) MILES OF THE AGREEMENT PURCHASE DATE;