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What is deductible in insurance?


Asked By: Parv Verma



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ICSE from Rajendra Vidyalaya C, C++, jAVA, .nET San Jose United States


A deductible is an amount the insured has to pay as part of a claim whenever it arises, and the rest of the amount is paid by the insurance company. Health Insurance Deductibles: Only Part of Your Costs · Your deductible. A deductible is an amount of money that you yourself are responsible for paying toward an insured loss. Deductible is the amount that a policy holder has to pay before the insurance company starts paying up. An insurance deductible is the amount you pay an insurance claim before the insurance coverage kicks in.

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