answersLogoWhite

0

A deductible is your "skin in the game" so to speak. A way of reducing insurance premiums is to increase you're deductible, thereby reducing the risk of the insurance company. If you had an insured loss of $1000 and you had a deductible of $250, you would be paid $750 by your insurance carrier.

User Avatar

Wiki User

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan
RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa
FranFran
I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran

Add your answer:

Earn +20 pts
Q: What is an example of a deductible?
Write your answer...
Submit
Still have questions?
magnify glass
imp