| deductible |
1. An insurance policy may contain an excess clause, by which the insurer is to be liable for sums above an agreed figure, the insured bearing any loss below that agreed figure. See Franchise.2. The amount of loss the reinsured assumes for its own account in non-proportional treaty reinsurance. Sometimes the terms ""priority"" and ""retention"" are used - not accurately - synonymously.
Ãâó: www.genre.com/page/0,1019,ref%253DReinsurance_Term...
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| deductible |
The amount of covered expenses that must be incurred and paid by the insured before benefits become payable by the insurer.
Ãâó: www.healthinsurecoverage.com/health_care_terms_glo...
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| deductible |
The amount stated in the policy that the insured must pay, if applicable, in the event of a covered loss, before health benefits are paid.
Ãâó: groupbenefits.thehartford.com/ret_health/glossary....
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| deductible |
The amount the insured must pay in a loss before any payment is due from the company.
Ãâó: www.tdi.state.tx.us/consumer/glossary.html
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| deductible |
The amount which a policyholder agrees to pay, per claim or per accident, toward the total amount of an insured loss.
Ãâó: www.insurancebeacon.com/Online_Insurance_Quote_Glo...
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