A ________ is the amount of loss or damage that you agree to cover before any insurance coverage takes over.
A) Deductible
B) Carrying cost
C) Premium
D) Policy
E) Liability

Question

Quizplus · Accepted Answer

A deductible is the amount of loss or damage that a person agrees to cover before any insurance coverage takes over. This is commonly used in car insurance and health insurance policies. For example, if you have a car insurance policy with a $500 deductible and you were in an accident that caused $1,000 worth of damage, you would pay the first $500 and your insurance company would cover the remaining $500.

A ________ Is the Amount of Loss or Damage That