Answers provided for informational purposes only – not intended as professional advice on any particular situation. This site disclaims all liability for Answers.
All Answers (3)
YA
YP Answers
The amount the policyholder must pay before an insurance policy begins covering an expense is called the deductible. In the event of damage or loss to whatever the policy covers, the policyholder is responsible for the deductible no matter what.
If the cost of damage or loss is less than the deductible amount, the insurance company does not pay anything. If the cost is greater than the deductible, the policyholder only pays the deductible, while the insurance pays the rest. Generally, the deductible amount is related to your premium, with a higher deductible usually requiring a lower premium, and vice-versa....Read More
The deductible is the amount for damages or services that you must pay before your insurance kicks in to pay their share. You can often make a lower premium payment if you accept a higher deductible amount....Read More
A deductible is the amount of your own money you have to pay for covered services before your insurance plan kicks in and begins to pay. Many types of insurance policies have deductibles, but the most common are health and car insurance.
...Read More
