leddie6921 leddie6921

13-05-2024
Health

Answered

1) The specific amount of money that you
have to pay when insurance only covers a
portion is called
A) Premium
B) Out-of-Pocket Expense
C) Deductible
D) Policy

Verified Answer :

katariamohit111 katariamohit111

13-05-2024

Answer:

The Deductible is a specific amount you pay out of pocket before the insurer pays a claim. Deductibles serve as deterrents to large volumes of small and insignificant claims. For example, a $1,000 deductible means you pay the first $1,000 toward any claims.

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