The amount of money the policyholder pays per claim or per accident toward the total amount of an insured loss before the company will pay on the claim is known as the

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A deductible is a specific amount of money a patient must pay out of pocket before the insurance carrier begins paying, usually $100 to $500. The deductible amount is met on a yearly or per-incident basis.

The Amount of Money the Policyholder Pays Per Claim or Per