Deductible
A deductible is the fixed amount a policyholder must pay out-of-pocket for a covered loss before their insurance coverage begins to pay. This applies to various insurance types, including health, property, and automotive policies.
A deductible is the fixed amount a policyholder must pay out-of-pocket for a covered loss before their insurance coverage begins to pay. This applies to various insurance types, including health, property, and automotive policies.