25 Beautiful Insurance Terms Deductible

Insurance Terms Deductible of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business New terms will be added to the glossary over time Insurance Terms Deductible progressive AnswersWhat is a car insurance deductible A car insurance deductible is what you pay to repair your car if you have an accident or claim That means if you have a 500 deductible and 1 500 in damage you pay 500 and your insurer pays the rest

an insurance policy the deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses In general usage the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments Deductibles are typically used to deter the large number of claims that a consumer Insurance Terms Deductible consumers ambest content aspx rec 261613Glossary of Insurance Terms 203 b Limit The dollar limit for how much of a home s value can be used to determine the amount of money you can get from a federally insured Home Equity Conversion Mortgage reverse mortgage the name comes from Section 203 b of the National Housing Act your insurance deductibleDeductible defined A deductible is an amount of money that you yourself are responsible for paying toward an insured loss When a disaster strikes your home or you have a car accident the amount of the deductible is subtracted or deducted from your claim payment

DEFINITIONS OF HEALTH INSURANCE TERMS In February 2002 the Federal Government s Interdepartmental Committee on Employment based Health Insurance Surveys approved the Insurance Terms Deductible your insurance deductibleDeductible defined A deductible is an amount of money that you yourself are responsible for paying toward an insured loss When a disaster strikes your home or you have a car accident the amount of the deductible is subtracted or deducted from your claim payment 21st insurance newsletters 2013 choose your deductible htmSimply put a deductible on a car insurance policy is the amount of money you agree to pay for a car s accident damage before the insurance company provides any payment towards the damage

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