In insurance, a deductible is:
A. The maximum amount the insurer will pay for a claim.
B. The percentage of a claim that the insured must pay out of pocket.
C. The amount the insured must pay before the insurer covers the rest of the claim.
D. The additional coverage added to an insurance policy.
Answer:C
In insurance, a deductible is:
A. The maximum amount the insurer will pay for a claim. B. The percentage of a claim that the insured must pay out of pocket. C. The amount the insured must pay before the insurer covers the rest of the claim. D. The additional coverage added to an insurance policy.