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) co-insurance

Name: 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) co-insurance
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Question

Quizplus · Accepted Answer

A deductible is the amount of money a policyholder must pay out-of-pocket before their insurance coverage starts paying for covered losses.

A ________ Is the Amount of Loss or Damage That