Deductibles are requirements that the insured pay an initial portion of any loss.

Name: Deductibles are requirements that the insured pay an initial portion of any loss.
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

Deductibles are a common feature of insurance policies that require the insured to pay a certain amount (the deductible) out of pocket before the insurer will begin paying for covered losses. This helps to limit the insurer's exposure to small or non-catastrophic losses and helps keep premiums lower for the insured.

Deductibles Are Requirements That the Insured Pay an Initial Portion