In insurance, a deductible refers to:
A. The premium amount paid by the insured.
B. The maximum amount the insurer will pay for a claim.
C. The amount the insured must pay out of pocket before the insurer covers the rest.
D. The financial liability of the insurer in case of a loss.
Answer:C
In insurance, a deductible refers to:
A. The premium amount paid by the insured. B. The maximum amount the insurer will pay for a claim. C. The amount the insured must pay out of pocket before the insurer covers the rest. D. The financial liability of the insurer in case of a loss.