Which of the following clauses are associated with major medical coverage?

Question

Quizplus · Accepted Answer

Deductible is typically associated with major medical coverage, where the insured pays a certain amount out of pocket before the insurance coverage kicks in. Subrogation refers to the insurance company's ability to pursue reimbursement from a third party who may be responsible for the insured's medical expenses. Mortgagee is associated with property insurance, specifically the entity that holds a financial interest in the property being insured. Replacement cost refers to the amount it would cost to replace damaged property with new property, rather than its current value.

Which of the Following Clauses Are Associated with Major Medical