Ace the OTL Challenge 2026 – Unlock Your Insurance Success Story!

A specified perils deductible is a predetermined amount that the insured must pay out of pocket for certain types of losses before insurance coverage kicks in. In the context of the provided options, the situation involving the explosion of a vehicle involves a total loss not associated with specific perils typically subject to a deductible.

When a vehicle explodes, it generally suggests a catastrophic failure that falls under broader comprehensive coverage rather than specified perils. This type of loss often does not involve a deducible because it is usually related to incidents that are unforeseen and not easily attributable to a listed peril. Thus, the insurance may cover the full extent of the damage without requiring the payment of a deductible.

In contrast, the other scenarios—such as unintentionally hitting an animal, stranding a vehicle on a ferry, or having stone chips due to a windstorm—tend to fall under clearly definable incidents for which a specified perils deductible is commonly applied. These situations are more likely to involve particular risks that the insured has opted to insure against, where the deductible serves to limit the insurer's exposure for minor claims.