Payment recovery is when we work to get your
deductible back because an accident wasn’t your fault. Here’s how it works. GEICO settles your damage, less your deductible, and determines it was the other guy’s fault. You knew that all along, but whatever. GEICO will contact the other guy’s insurance
company to recover your deductible. If the other guy’s company disputes the claim,
that usually means… it’s arbitration time. Each insurance company submits paperwork to
an arbitrator who will make the final call. If the arbitrator rules in your favor, [bell ringing] GEICO recovers your deductible and sends it your way. [crowd cheering] But, you might want to get a hobby because
payment recovery can take as long as 6 months.